• 261 MMboe  

    gross 2P reserves

  • 123,940

    bopd gross PSC production in 2019

 

The Tawke PSC produced an average of 123,940 bopd in 2019, with production from Peshkabir contributing 55,190 bopd to this figure.

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.

The Peshkabir-to-Tawke gas reinjection project (the first enhanced oil recovery project in the KRI) was commissioned in June, and aims to unlock additional oil reserves at Tawke while significantly reducing gas flaring and CO2 emissions at Peshkabir.

 

  Reserves (MMbbls) Working interest reserves (MMbbls)
Total 2P 284 71