More oil activity expected in Kurdish Iraq, DNO says

5 May 2017   Iraq

First quarter results mean current market conditions support a doubling of the amount of activity in Kurdish oil fields, a Norwegian energy company said. Norwegian oil and gas company DNO said first quarter results showed a profit of $15 million, against a $31 million loss in the previous term. Revenues were up 83 percent. As a result, the company said it was expanding its investment program for the year, “including doubling of planned 2017 wells at the Tawke field in the Kurdistan region of Iraq.” The company said it plans eight new production wells in its flagship assets in the Kurdish north of Iraq, which is under threat, but largely isolated from regional conflict attributed to […]

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