Genel Energy notes that DNO, as operator of the Tawke PSC (Genel 25% working interest), has today issued an update on licence activity.

DNO has started an orderly shutdown of the Tawke and Peshkabir oil fields in the Kurdistan Region of Iraq, four days after it was instructed to temporarily cease deliveries to the Iraq-Turkey Pipeline. Oil production had previously diverted to storage tanks.

The Tawke and Peshkabir fields averaged combined production of 107,000 barrels of oil per day in 2022, representing a quarter of Kurdistan’s total exports. Peshkabir production was halted last night and plans drawn up to conduct deferred maintenance. Tawke production shutdown has started but will take an additional day or so given the much larger numbers of wells spread across some 10 kilometers.

Production from Taq Taq (44% working interest, joint operator) continues to flow into storage, with capacity for approximately three weeks, while there remains storage capacity at Sarta (30% working interest, operator) for several days.

KeyFacts Energy: Genel Energy Iraq country profile