Tawke

Gross 2p reserves

0 MMbbls
gross production in 2023

0 bopd

Gross production at the Tawke licence averaged 46,280 bopd in 2023.

Gross production from the Tawke licence averaged 93,880 bopd during the first quarter of 2023, with the Peshkabir field contributing 49,480 bopd (59,360 bopd in Q4 2022) and the Tawke field 44,400 bopd (47,140 bopd in Q4 2022) during this period.

There was no production in Q2 2023 due to the export pipeline being closed.

Given the uncertain timing of export resumption and, importantly, of payments by the KRG for previous oil sales, the operator DNO (in full alignment with Genel) scaled back spend, including drilling.

Limited local sales began in June, selling stored oil to the local market. Production then restarted in July, with contractor gross local sales from the Tawke licence in Q3 2023 totalling 13,300 bopd, with no export sales, and the balance of production delivered to the KRG as its entitlement. Production and sales continue to increase, with production in the fourth quarter so far averaging double the level of the third quarter, with the Peshkabir field having restarted production on 16 October.

Local sales are currently more than covering costs at the licence.