DNO ASA, the Norwegian oil and gas operator, reports that operations at its Tawke license in the Kurdistan region of Iraq have been temporarily suspended following three explosions early this morning, one involving a small storage tank at Tawke and the other involving surface processing equipment at Peshkabir. There have been no injuries. The damage assessment is underway and the Company expects to restart production once the assessment is completed.

DNO in Iraq

DNO was the first international oil company to enter Iraqi Kurdistan in 2004, signing production-sharing contracts for the Tawke and Peshkabir fields. The Tawke field began production in 2007, followed by Peshkabir in 2017.

Assets & Ownership

• Tawke License (onshore): DNO operates and holds a 75% stake alongside partner Genel Energy International (25%).
• Baeshiqa License (onshore): Operated by DNO (64% interest, 80% paying), with partners including Turkish Energy Company and KRG (20%)

Geology & Reservoirs
Both Tawke and Peshkabir are carbonate reservoirs in multiple Cretaceous formations (e.g., Qamchuqa, Shiranish) with medium-gravity crude.

Production & Resilience

• In 2024, gross output from the Tawke license averaged ~78,600 bopd (29,200 from Tawke; 49,500 from Peshkabir), a 70 % increase over 2023.
• Despite the Iraq–Turkey pipeline closure in March 2023, DNO sustained production via local sales and significant cost reductions (~65 % lower ops).
• 2022 production peaked at ~107,000 bopd, roughly 25 % of Kurdistan’s output.