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DNO ramps up deliveries from Kurdish oil field
by Daniel J. Graeber
Oslo, Norway (UPI) May 8, 2013

Drilling company ready to work at Iran's South Azadegan field
Tehran (UPI) May 8, 2013 - A national energy company in Iran says its ready to install 10 drilling rigs at the South Azadegan field after a Chinese contract was canceled.

Iran last week canceled a contract with China National Petroleum Corp. for work at the field, citing poor performance and a failure to meet its obligations.

Hamid-Reza Golpayegani, managing director at the National Iranian Drilling Co., said his company was ready to take up the slack at the field straddling the border with Iraq.

"NIDC is ready to install 10 drilling rigs in South Azadegan field to accelerate drilling operations," he said Wednesday.

Four rigs operated by NIDC are already in place at the field. Since 2007, Golpayegani said his company has drilled more than a dozen development wells at the Azadegan complex.

CNPC was given a contract from the Iranian government to develop South Azadegan in 2009. Iranian Oil Minister Bijan Zanganeh said this week Chinese companies were still welcome to participate in Iran's energy sector despite issues with CNPC.

Iran estimates the South Azadegan oil field holds more than 40 billion barrels of oil.

Norwegian oil company DNO International said Thursday it accelerated the rate at which it sent oil from northern Iraq to storage facilities in Turkey.

DNO said its production for the first quarter of 2014 was 45,744 barrels of oil equivalent per day, which includes oil from the Tawke field in the Kurdish region of Iraq. Oil deliveries from Tawke have accelerated since late April and now average around 100,000 barrels per day.

"We have our foot firmly on the accelerator in Kurdistan where we are now the fastest growing producer and also number one in proven and probable oil and gas reserves," Executive Chairman Bijan Mossavar-Rahmani said in a statement.

The company estimates the Tawke field can produce more than 120,000 bpd, with the balance set aside for the local Kurdish market.

A pipeline from the Kurdish north is sending oil to storage tanks in Ceyhan, a Turkish sea port. Exports of Kurdish oil, however, have faced delays because of the lingering stalemate between the Kurdish and central governments over who controls what in the Iraqi energy sector.


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