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(Arabian Oil and Gas) --
Consulting engineers for DNO have estimated a midrange of 636 million barrels of
recoverable oil at the Tawke field in the northern part of Iraqi
Kurdistan.
DNO, whcih operates the field, said the estimate is more than double the
previosu year end 2010 estimate of 306 million barrels, and far exceeds company
expectations of even a few months ago. The new figure certainly was not
envisaged when the company made the Tawke discovery in 2006, according to a
company statement.
Tawke's original oil in place is estimated at 1.748 billion barrels, and
the estimated recovery factor of 36.4% is based on the 2011 production profile
and updated geological reservoir models. Tawke production averages 70,000
barrels per day.
Meanwhile, DNO estimate midrange recoverable resources of 100 million
barrels for Bastora and 36 million barrels for Benenan, its oil discoveries on
the company's Erbil exploration and production license. DNO declared these
fields commercial on 25 June this year, and plans to file development plans by
year end.
mrcplast.com
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