(Arabian Oil and Gas) -- Consulting engineers for DNO have estimated a midrange of 636 million barrels of recoverable oil at the Tawke field in the northern part of Iraqi Kurdistan.
DNO, whcih operates the field, said the estimate is more than double the previosu year end 2010 estimate of 306 million barrels, and far exceeds company expectations of even a few months ago. The new figure certainly was not envisaged when the company made the Tawke discovery in 2006, according to a company statement.
Tawke's original oil in place is estimated at 1.748 billion barrels, and the estimated recovery factor of 36.4% is based on the 2011 production profile and updated geological reservoir models. Tawke production averages 70,000 barrels per day.
Meanwhile, DNO estimate midrange recoverable resources of 100 million barrels for Bastora and 36 million barrels for Benenan, its oil discoveries on the company's Erbil exploration and production license. DNO declared these fields commercial on 25 June this year, and plans to file development plans by year end.