Norwegian oil and gas operator DNO reported the receipt of payment of $31.33 million from the Kurdistan Regional Government towards August's crude oil deliveries to the export market from the Tawke field in northern Iraq, on Wednesday.
DNO said the funds will be divided out between DNO and Genel Energy. They will include $26.27 million in part for August deliveries and $5.05 million towards the recovery of outstanding receivables for past deliveries.
Tawke's production in August averaged 96,709 barrels of oil per day (bopd), of which 96,528 bopd was delivered via Turkey for export.
"This was down from July production levels of 117,992 bopd due to pipeline closures in Turkey and scheduled field facilities maintenance," DNO said.
During the third quarter, the company said production averaged 109,159 bopd, of which 108,759 bopd was delivered through Turkey for export.
DNO holds a 55 percent interest in and operates the Tawke license, while Genel Energy has a 25 percent share and the remaining 20 percent stake is held by the KRG.
(Anadolu Agency)
