Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests can post but they do have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.


We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."

Get Daily Updates of the NEWS & GURUS in your EMAIL

Enter your email address:

DNO beats forecasts once more with Kurdistan Region production DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Buy and Sell

DNO beats forecasts once more with Kurdistan Region production

Go down

DNO beats forecasts once more with Kurdistan Region production Empty DNO beats forecasts once more with Kurdistan Region production

Post by GirlBye on Fri Nov 02, 2018 9:18 pm

DNO beats forecasts once more with Kurdistan Region production DNO-ASA-Tawke-Kurdistan

ERBIL (Kurdistan 24) – Norwegian oil and gas operator DNO on Thursday announced its earnings from oil fields in the Kurdistan Region had beat forecasts, bringing USD 7 million more than expected.
The third-quarter earnings report was released a few weeks after the region’s largest international oil producer revealed output at the Peshkabir field in the Kurdistan Region of Iraq has ramped up to 50,000 barrels of oil per day (bpd), meeting the end-2018 target ahead of schedule and below budget.
Its operating profit came in at USD 71 million, above the earmarked USD 64 million. In July, DNO also surpassed its previously published targets, and in August, confirmed an over 80 percent increase in this year's profit from oil fields it operates in the Kurdistan Region.
“Kurdistan is back, and so is DNO,” the statement read at the time.
Drilling for the Peshkabir-8 well, spud in late August, should soon be completed, allowing the rig to move to spud Peshkabir-9 this month.
Four other wells at Peshkabir now produce at a combined rate of close to 40,000 barrels per day (bpd), following a workover at Peshkabir-3 which boosted production from that well to 11,000 bpd from 8,000 bpd.
At the company’s flagship Tawke field, production currently stands at just over 80,000 bpd.
DNO said it expected to end 2018 with operated production of at least 130,000 bpd, representing about one-third of all oil exports from Iraqi Kurdistan, up from 117,600 in the third quarter, Reuters reported.

VIP Member
VIP Member

Posts : 706
Join date : 2018-07-09
Location : So Cal

Back to top Go down

Back to top

Permissions in this forum:
You cannot reply to topics in this forum