• 543 mmbbls  

    gross 2P reserves

  • 104,000

    bopd gross production in H1 2016

 

The Tawke field produced an average of 104,400 bopd in H1 2016, a 19% decrease on H1 2015 levels. 

 

Production declined year-on-year as investment at the field was deferred between Q1 2015 and Q1 2016 on the back of delays in receiving oil export payments. The closure of the KRI-Turkey pipeline system in February and March 2016 also had an impact on production levels.

 

97% of production in the period was supplied to the KRG for export via the KRI-Turkey pipeline. The balance was either processed at the Tawke refinery or sold into the domestic KRI market.

 

Following the resumption of oil export payments in September 2015, investment was restarted in 2016, with the most recent public update from the operator of the field outlining a programme which consists of workovers and new production wells. Eight workovers have currently been completed in 2016 to date.

 

 

 

  Reserves (mmbbls) Working interest reserves (mmbbls)
Total 2P 675 169
Total 3P 808 202