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DNO International announces Jurassic discovery, successful horizontal drilling in Tawke license

OSLO -- DNO International the Norwegian oil and gas company, announced today that its deep Tawke-17 well tested 1,500 bpd of 26-28 degree API crude oil from an Upper Jurassic reservoir underlying the Tawke field in the Kurdistan Region of Iraq.

Separately, the Tawke-20 well, the Company' s first horizontal well in the Tawke field, has flowed an average of 8,000 bopd from each of the first four of ten fractured corridors penetrated by the well. Testing continues on both wells.

The Tawke-17 well, the deepest drilled by the Company in the Tawke field, encountered several Triassic zones that proved either tight or water bearing. Two additional identified reservoir intervals in the Upper Jurassic remain to be perforated and tested.

DNO International holds a 55% interest in and operates the Tawke license. Genel Energy holds 25% and the Kurdistan Regional Government the remaining 20% interest.

 

06/11/2013

 

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