Norway's DNO said Wednesday it estimates third-quarter export revenues from the Tawke field in northern Iraq at roughly 714 million Norwegian kroner ($127.7 million). The company's working interest production from Tawke averaged 44,500 b/d. Exports from the field were sanctioned in June, but halted temporarily in late September over DNO's role in a share sale to the Kurdistan Regional Government (KRG). They dried up completely in October amid the failure by both DNO and the KRG to receive payment (IOD Oct.15,p1). All oil sales through the Kirkuk-Ceyhan pipeline to Turkey are handled by Iraq's State Oil Marketing Organization (Somo), and no mechanism for channeling payments to northern producers is yet in place. Tawke sales now are limited to the local market.
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