facebook
twitter
rss
account
search
search
 

DNO, Genel Energy hail success in Iraq

March 21, 2012 at 8:01 AM   |   Comments

OSLO, Norway, March 21 (UPI) -- Testing of an oil well in the Kurdish region of Iraq shows it's likely the most prolific well ever drilled by Norway's DNO International, an executive said.

Norwegian oil and natural gas company DNO International and its Turkish partner, Genel Energy, announced its Tawke-16 well flowed at a cumulative rate of more than 25,000 barrels of oil per day from "multiple, independently tested zones."

DNO Chairman Bijan Mossavar-Rahmanis said the well was meant to test an undrilled section of the Tawke oil field.

"(B)ased on these test results, Tawke-16 likely is the most prolific well drilled so far in this field by the company," he said in a statement.

The companies estimate they've spent less than $7 million to complete and test the well. DNO said it had a goal of establishing 100,000 bpd from the Tawke field in northern Iraq by the end of the year.

"The successful completion of testing at Tawke-16 has further substantiated the quality of the Tawke field and the potential resource upside that we believe to exist," Genel Energy Chief Executive Officer Tony Hayward said in a statement.

Topics: Tony Hayward
© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Tesla could face sales ban in Michigan Tesla could face sales ban in Michigan
2
Early completion of refit of Italian aircraft carrier Early completion of refit of Italian aircraft carrier
3
Europe must drop the euro, Germany abandon mercantilism Europe must drop the euro, Germany abandon mercantilism
4
British Reaper UAVs join the fight against Islamic State British Reaper UAVs join the fight against Islamic State
5
Russia doesn't fear Azeri gas, scholar says Russia doesn't fear Azeri gas, scholar says
Trending News
Around the Web
x
Feedback