DNO sets new production record in Kurdistan Region of Iraq
DNO International has announced that production is at an all-time high of 32,500 bpd from its second horizontal well in the Tawke oilfield in the Kurdistan Region of Iraq
The oilwell — Tawke-23 — was spudded in May 2013 and the cost to drill, complete and test the well was US$12mn, DNO said.
The Norwegian energy company said that each of the 10 independent fracture corridors penetrated by a 930-metre horizontal section in the Cretaceous reservoir interval flowed in excess of 9,000 bpd.
Tawke-20, the first horizontal well completed in the field in July 2012, is located six kilometres away and reportedly set the previous record production rate for a Tawke well at 25,000 bpd. Both wells are subject to wellbore and surface facilities limitations, DNO said.
Bijan Mossavar-Rahmani, executive chairman of DNO International, said, “The exceptional results from Tawke-20 and Tawke-23 have fundamentally changed our approach to developing this field and also our expectations for its performance.
“By any measure, these are prolific wells tapping into what increasingly feels like a sea of oil.”
The company said drilling operations are already underway at two additional horizontal wells, Tawke-21 and Tawke-22, with both slated for completion by the end of 2013.
DNO International operates and holds 55 per cent interest in the Tawke License, while Genel Energy holds 25 per cent and the Kurdistan Regional Government holds the remaining 20 per cent interest.