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DNO, Genel Receive Payment for Tawke Deliveries

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JD400   Wednesday, 08/10/16 02:02:07 PM
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DNO, Genel Receive Payment for Tawke Deliveries
August 8, 2016 in Iraq Oil & Gas News

DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 30 million from the Kurdistan Regional Government as partial payment to DNO and partner Genel Energy for June crude oil deliveries to the export market from the Tawke field.

The total invoiced amount for June is USD 38.41 million, of which USD 32.21 million comprises the monthly entitlement and USD 6.19 million is towards the recovery of outstanding receivables for past deliveries.

Tawke production in June averaged 114,384 barrels of oil per day (bopd), of which 113,601 bopd were earmarked for export.

(Source: DNO)

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