Genel Energy plc notes that DNO ASA, as operator of the Tawke PSC (Genel 25% working interest), has issued an update on licence activity.
In Q1 2020, gross production at the Tawke and Peshkabir fields averaged 61,493 bopd and 53,714 bopd respectively. After completing five development wells in the licence during the quarter, three drilling rigs were released, but the Company-operated workover rig continues to service production wells. A drilling rig has been stacked at each field and can quickly be mobilised when conditions warrant.
The Peshkabir-to-Tawke gas capture, transport and reinjection project to effectively end CO2 emissions at Peshkabir and boost oil recovery at Tawke is completed and undergoing commissioning.