DNO and Genel ready for FID on Block Dohuk project
The Norwegian independent company DNO and its partners, a Turkish-based company Genel Energy (Genel) and the local Kurdistan Regional Government (KRG) are preparing the final investment decision (FID) to develop on fast track the Block Dohuk in the north of the Kurdistan Region of Iraq.
Located in the southwest neighborhood of the city of Dohuk, approximately 80 kilometers north of Mosul, the Block Dohuk covers more than 169 square kilometers.
DNO is the operator of the Block Dohuk with 40% working interests.
With its operations concentrated in the Middle-East and North of Africa, DNO pioneered the oil and gas exploration in the Kurdistan Region of Iraq with a first production sharing agreement (PSA) signed with the KRG in 2004.
In 2005 and 2008, DNO identified the Summail and Summail extension prospects in the Block Dohuk to start the exploration.
In 2006, DNO hit one of the first major oil discoveries in the Kurdistan Region with the Tawke field.
With crude oil reserves estimated to 700 million barrels, DNO is planning to ramp up the production from the Tawke field from the current 100,000 barrels per day (b/d) to 200,000 b/d.
Summail gas to supply Dohuk Power Generation plant
But the additional wells revealed in another part of the reservoir the presence of heavy crude oil while no sustainable gas flow measurement could be performed.
Based on this Summail development scheme, DNO and Genel are planning to make the final investment decision (FID) as soon as possible to begin the production of natural gas from the Block Dohuk in 2014.