DNO restarts Kurdistan drilling, targets 25% production boost

DNO ASA has announced the resumption of drilling operations in the Kurdistan region of Iraq, targeting a 25 percent increase in gross operated production from the Tawke license to 100,000 barrels of oil per day (bopd). This follows a major milestone of 500 million barrels of oil produced from the Tawke license, where DNO holds a 75 percent operating stake. Drilling will restart next week, deploying two rigs to drill eight wells through 2026, focusing on the shallow Jeribe reservoir in the Tawke field.

The company's executive chairman, Bijan Mossavar-Rahmani, highlighted DNO's continued production of 80,000 bopd despite a two-and-a-half-year spending hiatus due to the 2023 export pipeline closure. DNO, Norway's oldest oil company, also reported strong performance in its Norwegian Continental Shelf operations, on track to exit 2025 with net production of 90,000 barrels of oil and gas equivalent.