BIG WAVE
06-11-2006, 04:18 PM
Zaxo - June 11, 2006 (KRG.org) - A major discovery of oil has been made near Zaxo in the northwest corner of Iraqi Kurdistan, said Dr Ashti A Hawrami, the Minister of Natural Resources for the Kurdistan Regional Government. “I am pleased to announce that commercially recoverable quantities of oil have been discovered following the drilling of an exploratory well in the Tawke structure. The well has been tested at 5,000 barrels a day of good quality oil from one of the upper zones of interest,” said Dr Hawrami.
The discovery was made by the Norwegian oil company DNO, which started drilling in exploration territory in the Dohuk Governorate in November 2005 after signing a production sharing contract with the Kurdistan Regional Government a year earlier.
“This is not just good news for Kurdistan Region but for all of Iraq”, said Dr Hawrami. “The Tawke discovery is from the first new well drilled in Iraq since Saddam’s overthrow. We anticipate production by early 2007, which will allow for the export of oil along a completely secure route from the one fully secure part of Iraq. The Tawke discovery is the first product of the partnership between the government and international oil companies in the new Iraq. It will boost Iraq’s total production and exports and as a result everyone wins.”
http://krg.org/articles/article_detail.asp?LangNr=12&LNNr=28&RNNr=70&ArticleNr=11647
The discovery was made by the Norwegian oil company DNO, which started drilling in exploration territory in the Dohuk Governorate in November 2005 after signing a production sharing contract with the Kurdistan Regional Government a year earlier.
“This is not just good news for Kurdistan Region but for all of Iraq”, said Dr Hawrami. “The Tawke discovery is from the first new well drilled in Iraq since Saddam’s overthrow. We anticipate production by early 2007, which will allow for the export of oil along a completely secure route from the one fully secure part of Iraq. The Tawke discovery is the first product of the partnership between the government and international oil companies in the new Iraq. It will boost Iraq’s total production and exports and as a result everyone wins.”
http://krg.org/articles/article_detail.asp?LangNr=12&LNNr=28&RNNr=70&ArticleNr=11647