DNO ASA: DNO Updates Operations
(Thomson Reuters ONE) -
Oslo, 15 October 2014 -- DNO ASA, the Norwegian oil and gas operator, today
announced commencement of drilling of the Jawhara-3 well, the first of several
exploration and appraisal wells planned in the Sfax Offshore Exploration Permit
in the Republic of Tunisia. It will be drilled four kilometers north of the
Jawhara-1 discovery well, which flowed 1,500 barrels of oil per day, and will
test the Douleb and Bireno reservoirs in the up dip Jawhara structure. A second
exploration well will follow in the first half of 2015.
In the Kurdistan region of Iraq, DNO is logging the 834 meter horizontal section
of the recently drilled Tawke-28 well and plans to place the well on production
by early November. The next horizontal well in the field development program,
Tawke-27, will spud shortly thereafter.
Elsewhere in Kurdistan, the Benenan-4 well has indicated higher volumes of oil
in place in the Erbil license with movable Najmeh oil tested deeper than in
previously drilled Benenan field wells. Further testing and evaluation are
underway.
On the Dohuk license, DNO continues to re-assess the Summail field development
plan in light of sharply declining gas production from the first two wells, one
of which is now shut-in. A recently completed third well targeting deep gas did
not encounter significant volumes of gas but instead discovered a 200 meter oil
column in the Cretaceous interval by testing oil in the well's three deepest
zones. The Summail-1 well had earlier confirmed the presence of heavy oil in the
Jurassic interval.
The company has taken steps to mitigate delays to its Tawke 200,000 barrel per
day deliverability target resulting from the withdrawal of third party
contractors from Kurdistan during the past few months. Installation of the new
24 inch pipeline connecting the Tawke field to Fish Khabur is proceeding and
slated for completion by yearend. The new pipeline will increase export capacity
and provide transportation system redundancy. Other upgrades to infrastructure
and facilities to increase production and processing capacity at the Tawke field
are progressing as planned.
Meanwhile, exports of Tawke oil to Turkey by the Kurdistan Regional Government
for its own account currently average approximately 90,000 barrels per day.
Local sales decreased to 29,960 barrels per day during the third quarter and
currently average approximately 20,000 barrels per day.
In the Sultanate of Oman, offshore Block 8 production continues at a daily
average rate of 9,000 barrels of oil and liquids and 45 million cubic feet of
gas. In Block 36 the company has launched a 1,000 kilometer, 2-D seismic
acquisition campaign after completing the reprocessing of 2,200 kilometers of
existing 2-D seismic data. An exploration well is planned in this onshore block
during 2015.
Production in the Republic of Yemen, too, remains stable at over 7,000 barrels
per day across the operated and non-operated blocks, notwithstanding the current
security and political environment. However, DNO is not yet able to resume
drilling activities or the development of previous discoveries. Force majeure
has been declared on all producing blocks in which DNO holds an interest.
--- DNO ASA is an Oslo-listed, Middle East and North Africa focused oil and gas
company holding stakes in 20 blocks in various stages of exploration,
development and production both onshore and offshore in the Kurdistan Region of
Iraq, the Republic of Yemen, the Sultanate of Oman, the United Arab Emirates,
the Tunisian Republic and Somaliland ---
Oslo, 15 October 2014
DNO ASA
Corporate Communications
Queries: Bjorn Dale (bjorn.dale(at)dno.no or +47 911 57 197)
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: DNO ASA via GlobeNewswire
[HUG#1862980]
Unternehmensinformation / Kurzprofil:
Datum: 15.10.2014 - 08:01 Uhr
Sprache: Deutsch
News-ID 344064
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contact information:
Town:
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Kategorie:
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