By John Lee.
Norway's DNO has reported increased oil production at its operations in Iraqi Kurdistan:
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Kurdistan Production: In Q1 2025, DNO's net production in Kurdistan was 61,600 barrels of oil equivalent per day (boepd), an 11% increase quarter-on-quarter.
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Operational Measures: Despite the closure of the Iraq-Türkiye export pipeline (ITP), production from the Tawke licence (DNO 75% and operator) was stabilized and even increased through rigless interventions.
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Sales and Revenue: Oil from the Tawke licence was sold at DNO's Fish Khabur terminal to local buyers at USD 35 per barrel, with payments made in advance.
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Financial Impact: Tawke licence sales averaged USD 20 million per month, generating around USD 10 million of free cash flow.
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Strategic Approach: DNO maintained production with minimal investment, highlighting efficient management amid pipeline closures.
(Source: DNO)
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