DNO revises estimates on Tawke
Posted: 24 December 2007
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Norwegian oil company, DNO has revised reserve estimates on Tawke field in Kurdistan, Northern Iraq with new figures higher by about half than its previous record, the company has announced.
Based on the latest data available and initial results from the reservoir modelling studies utilising such data, the revised estimates of the oil volumes in the Tawke field are promising.
The gross volumes of oil in place are ranging from 0.9 to 1.9 billion barrels with a current expected value of 1.3 billion barrels.
The gross recoverable oil reserves are ranging from 150 million barrels to 370 million
barrels, with a current expected value of 230 million barrels.
Improved oil recovery (IOR) methods have not been applied for in these estimates and IOR methods may contribute to a substantial upside to these reserve figures.
According to the statement, when production and export of oil at full capacity of the Tawke facilities will take place, the understanding of the reservoir behaviour will improve, forming a stronger basis for confirming the full potential and further development of the Tawke field.
Acquisition of additional data and comprehensive analysis and modelling work will continue throughout 2008 with the view to improving the understanding of the Tawke reservoir and to evaluate and confirm the full potential of the field.
Test production will continue to provide dynamic data to support further assessment of the properties and production characteristics of the reservoirs.
DNO managing director Helge Eide said: “We are pleased to note that this update more than doubles the estimated reserves in Tawke. The data gathered to date and technical work undertaken by the company have confirmed the high quality of the Tawke field.” |
