KEYFACT Energy
DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 77,235,229 as payment for October 2019 crude oil deliveries to the export market from the Tawke license in the Kurdistan region of Iraq. The funds will be shared by DNO and partner Genel Energy plc pro-rata to the companies' interests in the license.
Separately, a payment of USD 5,712,176 has been received net to DNO, representing three percent of gross October 2019 Tawke license revenues, as provided for under the August 2017 receivables settlement agreement with the Kurdistan Regional Government.
DNO operates and has a 75 percent interest in the Tawke license which contains the Tawke and Peshkabir fields.
Link to DNO Iraq country profile