DNO International ASA - October 2009 Production Report
(Thomson Reuters ONE) - ("DNO" or "the Company")DNO is today reporting October 2009 production. DNO's workinginterest production was 12,712 bopd in October 2009 and DNO's netentitlement production was 7,961 bopd.PRODUCTION REPORTYemen productionDNO's working interest (WI) production from Yemen in October 2009 was7,677 bopd and DNO's net entitlement production was 4,604 bopd.Average realized oil price in October was 74 USD/bbl.As previously reported the decline of oil production from the Yemenfields is leveling out due to well optimization work and effect ofinfill wells. The production rate from the Bayoot area in block 53 isstill increasing after the installation of down-hole pumps and thegross production from Bayoot in October 2009 was 4,654 bopd.Production from Yemen is reported as follows:(Bopd) Q1 2009 Q2 2009 Q3 2009 Oct 2009 YTD-09Gross production 18,511 19,057 18,535 19,924 18,755DNO's working interest (WI) 7,925 7,878 7,542 7,677 7,770DNO's net entitlement (NE) 5,936 5,788 4,987 4,604 5,469Achieved oil price (USD/bbl) 43 59 69 74 58The production figures include crude oil consumed in the operation ofthe Company's production facilities, at an accumulated volume of 263bopd in October 2009.Iraq productionDNO's working interest (WI) production from Kurdistan in October 2009was 5,036 bopd and DNO's net entitlement production was 3,357 bopd.Production from Tawke is reported as follows: (Bopd) Q1 2009 Q2 2009 Q3 2009 Oct 2009 YTD-09 Total gross production 3,179 9,929 41,157 5,595 16,938 DNO's working interest (WI) 2,861 8,937 37,036 5,036 15,244 DNO's net entitlement (NE) 1,908 5,965 24,796 3,357 10,197The operation of the Company's production facilities did not consumeany crude oil in October 2009.As previously reported DNO will now focus on local sales until afuture payment mechanism for crude exports is in place. Since exporthalted 22 September all the production from Tawke is delivered to thedomestic market.SUMMARY OF DRILLING ACTIVITIESThe Tasour-26 infill well was brought on-stream in November and thewell is currently producing 700 bopd (gross), as expected.The planned sidetrack of Nabrajah-10 commenced in 21 November. Thewell is targeting the Jurassic Shuqra formation dolomite, alreadyproved oil producing in the well Nabrajah-5.Drilling of the Bayoot development well, Bayoot-7 commenced on 3September. The drilling operations have been somewhat delayed due todrilling problems. The well has proved oil shows and gas reading atthe top of basement, as expected. The well will be drilling a 900 msection in the basement reservoir.There are currently no drilling activities in Kurdistan.DNO International ASA4 December, 2009This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 04.12.2009 - 08:24 Uhr
Sprache: Deutsch
News-ID 9261
Anzahl Zeichen: 0
contact information:
Town:
London
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 442 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DNO International ASA - October 2009 Production Report"
steht unter der journalistisch-redaktionellen Verantwortung von
DNO International ASA (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
