Tawke – Peshkabir

The Peshkabir discovery is located on the west side of the Tawke block PSC area. The structure is a high amplitude anticline, which forms a mountain range on the surface with shallow layers outcropping to the surface on the flanks of the structure.

Ongoing drilling success at Peshkabir resulted in production increasing from 12,000 bopd in January to over 55,000 bopd at the end of 2018, ahead of schedule and under budget. Wells were drilled across the structure, and each successfully added to production.

Gross production from the Tawke licence averaged 108,580 bopd during the first half of 2020, and 102,000 bopd during the second quarter of the year, as the operator halted development activity to preserve cash at a time of historically low and uncertain oil prices.

In June 2020, following the stabilisation of oil prices and export payments, activity was fast tracked at the Tawke licence and production quickly increased by 15,000 bopd month-on-month to raise average July 2020 production to 115,000 bopd.

Production increased to 113,700 bopd in the third quarter, of which just under 59,000 bopd was from Peshkabir.

The Peshkabir-to-Tawke gas capture and reinjection project, in operation since mid-year, is continuing to cut gas flaring and greenhouse emissions by half at Peshkabir to 7kg CO2e/bbl, while unlocking additional oil at Tawke. By the end of October 2020, two billion cubic feet of gas that otherwise would have been flared had been injected into Tawke, already delivering a positive production response at the field, and at the same time reducing field water production.