The Iranian war has forced DNO to shut down its Iraqi Kurdistan Oil Production
Norwegian oil company DNO announced 'on Thursday that its production in the semi-autonomous Kurdistan region in iraq remained closed 'due to?security conditions?in the Middle East. However, the company resumed some drilling last April.
As a "safety measure", DNO temporarily stopped production and drilling in Kurdistan following the U.S. - Israel air strike against Iran that began on February 28.
DNO announced that it had relaunched the previously announced eight well drilling campaign in preparation for "stepped up rates" when production resumes from the Tawke and Peshkabir oil fields.
The article didn't specify a date when this might happen.
Kurdistan's production shut downs have added to Middle East supply disruptions following Iran's decision to close the Strait of Hormuz to shipping as a retaliation for U.S. and Israeli attacks.
On Wednesday, U.S. president Donald?Trump said that the war against Iran would be over quickly as Tehran considered an American peace proposal.
DNO, the largest Kurdistan producer, reported that its gross operated production in the first quarter was down to 52,800 bbls of oil equivalent per day (boepd), from 82,081 a year earlier.
DNO holds a 75% stake in a license that includes the Tawke, Peshkabir and Peshkabir oil fields. London-listed Genel Energy owns the remaining 25%. (Reporting and editing by Terje Solsvik, with Nerijus Adomiaitis)
(source: Reuters)
