gross 2P reserves
bopd gross production in 2016
The Tawke field produced an average of 107,300 bopd in 2016.
The majority (98%) of 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. A total of 33 development wells have been drilled at the field, with 28 of these currently producing. 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.
The firm programme for Tawke in 2017 includes two further development wells (T-35 and T-28N) in the main Cretaceous reservoir and two shallow Jeribe wells. Workovers of existing wells are also planned. Additional activity in 2017, which includes further Cretaceous and Jeribe wells, is contingent on reservoir performance and regular payments from the KRG for current sales and unpaid entitlements.
The Tawke field has produced an average of 111,000 bopd in 2017 year to date and is currently producing 108,000 bopd. The Company expects that average Tawke production in 2017 will be around year to date production levels, in line with operator guidance.
Following the receipt of regular payments for oil exports through Turkey, the expanded 2017 Tawke programme includes eight new production wells, of which six are Cretaceous and two shallow Jeribe wells. A third drilling rig has been mobilised.
||Working interest reserves (mmbbls)