DNO finds oil in Tawke well in Northern Iraq

oilfieldDNO International announced the test results from its just-complete Tawke-16 well in the Kurdistan Region of Iraq that saw oil flow at over 25,000 bpd.

The Company expects to connect the well to existing pipeline and processing facilities by mid-April, boosting the Tawke field's deliverability.

The Tawke-16 well was designed to probe and appraise the undrilled northern flank of the Tawke field. It reached total depth of 2,369 metres and encountered over 350 metres of gross continuous oil column in the Cretaceous interval of the Tawke field.
The well was spud in late December 2011 and the cost to drill, complete and test the well was under US$7mn.

"The Tawke-16 test exhibited exceptional flow characteristics and confirmed the reservoir quality and productivity of the northern extension of the Tawke field," said Bijan Mossavar-Rahmani, DNO International's Executive Chairman. "In fact, based on these test results, Tawke-16 likely is the most prolific well drilled so far in this field by the Company."

DNO International will continue to actively develop the Tawke field, with the goal of establishing 100,000 bpd of sustainable deliverability before year end.

DNO International has a 55 per cent operated working interest in the Tawke field, with Genel Energy holding a 25 per cent working interest and the Kurdistan Regional Government a 20 per cent working interest.

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