DNO International ASA - 1st quarter 2009 Produc...
DNO is today reporting a 1st quarter 2009 working interest (WI)
production of 10,786 bopd.
Yemen production
DNO's WI production from Yemen in March was 7,858 bopd, and 7,925
bopd in the 1st quarter. The YTD production to DNO from Yemen is in
line with management expectations.
DNO's NE production from Yemen in 1st quarter 2009 was 5,936 bopd and
the average realized oil price was USD 43 / bbl.
DNO's oil production from Yemen is reported as follows:
(Bopd) Jan-09 Feb-09 Mar-09 Q1 2009
Working interest (WI) 8,140 7,760 7,858 7,925
Net entitlement (NE) 6,033 5,706 6,046 5,936
Achieved oil price (USD/bbl) 42 42 46 43
Consumption crude oil 273 303 307 294
The production figures (WI and NE) include crude oil consumed in the
operation of the Company's production s facilities, at an accumulated
volume of 294 bopd in 1st quarter 2009.
DNO's revenue entitlement from the Tawke test production
The revenue entitlement from Tawke test production is reported as
follows:
(MNOK) Jan-09 Feb-09 Mar-09 Q1 2009
Kurdistan/Iraq 17,7 9,4 6,0 33,1
The 2009 YTD test production from Tawke has been lower than in the
previous months. As has been seen from the past experience, the Tawke
test production volumes show significant variations, which is also
expected going forward.
As previously reported DNO has completed the work connecting the
Tawke facilities to the Northern pipeline system in Iraq and is
thereby ready to deliver full scale production from the field when
the required approval is given.
DNO International ASA
28 April, 2009
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
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