gross 2P reserves
bopd gross PSC production in H1 2019
The Tawke PSC produced an average of 126,700 bopd in H1 2019, with production from Peshkabir contributing 55,000 bopd to this figure.
Production from the Tawke PSC benefits from the Receivable Settlement Agreement, and these increases bolster our already significant free cash flow generation.
The Tawke field remains the largest IOC-operated oil field in the Kurdistan Region of Iraq (‘KRI’). Production averaged 71,700 bopd in H1 2019 with three new producing wells brought onstream.
A fourth rig, Viking-11, is being added to support a 13 well program in H2 2019, including a deep well to test the Jurassic potential at Tawke.
Progress is being made on the Peshkabir-to-Tawke gas project, the first ever enhanced oil recovery project in Kurdistan.
Tawke cumulative production reached 268 MMbbls as at the end of H1 2019.
||Working interest reserves (MMbbls)