Production from an oil reservoir in the Kurdish north of Iraq has increased by more than 60 percent, Norwegian energy company DNO announced Tuesday. After completing testing on its fourth well in the Peshkabir field in the Tawke license area in the Kurdish north, the company said the increase put the target’s output at an average of 25,000 barrels of oil per day. “The pickup in Peshkabir production puts new meaning to the fast in fast track in development of this field by the DNO team,” DNO Chairman Bijan Mossavar-Rahmani said in a statement . “And we expect Peshkabir to continue to surprise to the upside.” DNO said its total operated production last year averaged 113,500 barrels of oil equivalent per […]