DNO Company will have another petroleum pipeline:
The Norwegian company DNO is planning to build a crude petroleum pipeline from the Tawkey oil field to the borders of the Kurdistan region and into Turkey to increase their oil production rate. According to the company, the second pipeline will run from Tawkey to Vichabour. The company is seeking to increase its Tawkey oil production from 155 000 to 200 000 barrels a day.
The Tawkey field is expected to have one milliard of spear oil in place. The Norwegian Company will develop the area into an active oil production field. The crude oil pipeline from Tawkey to Vichabourin is set to have the same capacity as the Kurdistan oil pipeline which currently delivers Kurdistani oil to Europe’s borders through Turkey.
It is predicted that oil production in Tawkey will increase, and the company expects the rate of production to reach 200 000 barrels per day by the end of the year; after that, it will increase to 270 000 barrels. DNO has also said it will do anything it takes to increase the production rate.
DNO only started developing the Tawkey field a couple of months ago, and has already increased the rate of production. In another announcement, the company stated that they will make their data available worldwide with a view to boosting DNO’s production rate.
Beezhan Moozafar Rahmani, the CEO of the company, affirmed that “2013 was a good year for our company. We achieved much during the year, including horizontal drilling in the Tawkey field.” Rahmani also said the company had plans to develop and increase the oil production rate in the Kurdistan Region during 2014. He believes the future of the current field is very bright.
Kurdistani oil was formerly exported by tanker to Turkey, but a special oil pipeline was opened at the beginning of this year which can transport nearly 425 000 barrels of oil a day to Turkey.
Once the Kurdistan oil pipeline is finished, the oil companies will continue developing their own fields.
Tawkey oil field is located to the north of Duhok. The DNO Company owns a 55% share of the field.