gross 2P reserves
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 and development activity recommenced during Q3 2016, with the Tawke-32 (Jeribe water injector), Tawke-33, Tawke-34 (Jeribe producers), and Tawke-31 (Cretaceous producer) wells all being drilled. The Tawke-37 (Jeribe producer) was drilled in October 2016, with all wells in the current campaign adding to field output capacity
Tawke production in Q3 2016 averaged 109,000 bopd, with production levels at 120,000 bopd towards the end of October.
The Peshkabir-2 appraisal well on the Tawke licence commenced drilling in early October and is expected to take around three months to complete.
||Working interest reserves (mmbbls)