OSLO - Norwegian oil firm DNO (DNO.OL: Quote, Profile, Research, Stock Buzz) said on Monday it would get no oil from its Tawke field in north Iraq as the Kurdistan regional authorities have put production on hold during a review of licensing and other procedures.
"According to (the Kurdistan Regional Government) it is expected that these formalities will be completed during August, with oil production resuming by late August/early September," DNO International ASA said in a statement.
DNO's production from the Tawke field was 11,191 barrels per day in July, DNO said.
The halt to oil production for the regional market partly affected production in July, DNO said and added: "Based on the timing indicated by the KRG there will be no production from Tawke in August."
DNO said its total production from Tawke and its fields in Yemen fell to 20,584 barrels per day in July from a peak of 22,545 bpd in June.
"According to (the Kurdistan Regional Government) it is expected that these formalities will be completed during August, with oil production resuming by late August/early September," DNO International ASA said in a statement.
DNO's production from the Tawke field was 11,191 barrels per day in July, DNO said.
The halt to oil production for the regional market partly affected production in July, DNO said and added: "Based on the timing indicated by the KRG there will be no production from Tawke in August."
DNO said its total production from Tawke and its fields in Yemen fell to 20,584 barrels per day in July from a peak of 22,545 bpd in June.
