DNO International continues to make solid progress in the development of the Tawke field in Iraqi Kurdistan with the successful completion of the Tawke-16 well yielding initial cumulative flows in excess of 25,000 barrels per day, the most prolific drilled at Tawke to date.
In a company statement, DNO said it expects to tie in the Tawke 16 well by mid-April, capping an efficient drilling effort that cost under $7 million, a remarkable feat given Iraqi Kurdistan’s geological profile and logistics environment.
“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.”
Tawke-16 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.
DNO International will continue to actively develop the Tawke field, with the goal of establishing 100,000 barrels per day of sustainable deliverability before year end. Tawke-16 is the first of four wells targeting the Cretaceous interval that the Company plans to drill in 2012, while a fifth, Tawke Deep, will also penetrate the deeper Jurassic and Triassic intervals in the field later this year.
DNO International has a 55 percent operated working interest in the Tawke field, with Genel Energy holding a 25 percent working interest and the Kurdistan Regional Government a 20 percent working interest.
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