gross 2P reserves
bopd gross production in 2016
The Tawke field produced an average of 109,000 bopd in the first half of 2017, a 4% increase on H1 2016 levels.
Practically all sales from the field were by the KRG through the KRI-Turkey pipeline, with the remainder either being refined at the Tawke field or sold in the domestic market. Surface facilities capacity is currently 200,000 bopd with water handling capacity of up to 16,000 bpd.
Following the KRG’s February 2016 payment announcement, well intervention and drilling activity at Tawke field recommenced. In the first half of 2016, a workover programme on eight existing wells was implemented, which helped offset natural well declines. In the second half of the year, four new production wells were drilled, three of which were in the shallow Jeribe reservoir and the fourth in the main Cretaceous reservoir. Combined, these development wells added in excess of 10,000 bopd (sum of initial well rates) of new production for investment of $11 million, again offsetting declines from the existing well stock.
Production during the first half of 2017 remained broadly stable. Three further Cretaceous development wells (T-35, T-42 and T-41) were drilled and completed during the period. Two additional development wells and a water injector in shallow Jeribe reservoir were also successfully completed in the first half, as well as a rolling programme of workovers at existing wells (primarily focused on replacement of ESPs). Production from the Tawke field is currently averaging c.109,000 bopd.
In April 2017, the Tawke partners approved an expansion of the 2017 Tawke field development programme following continued momentum in KRG payment reliability and predictability. The T-43 Cretaceous development well is currently drilling, and a decision on the drilling of two additional contingent Cretaceous wells will be made in Q3 2017.
||Working interest reserves (mmbbls)