Tawke oil field

The Tawke field is located in the semi-autonomous Kurdistan region, close to Iraq's border with Turkey. The field was discovered in 2006 by Norwegian DNO and has gross 2P reserves of 734 million barrels. The contract area extends over 637 square km.

Contract Negotiations
DNO originally entered into a production sharing contract (PSC) for the Dohuk area in 2004, of which the Tawke field was a part. This original PSC was amended in 2008 and caused the original license area to be split into two parts, which is how the Tawke licensing area came into being.

However in 2010 a PSC was signed between the Kurdistan Regional Government (KRG), Genel Energy and DNO. Genel holds a 25% stake in the contract and DNO the remaining 55%.

Production and Export
At the end of 2011 Tawke could count 13 producing wells, and 17 producing wells by the end of 2012. Genel has a target production capacity of 200,000 barrels per day (bpd) for Tawke by 2014.

In November 2012 DNO officials announced that its production at Tawke had exceeded 100,000 bpd for the first time.

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