Peregraf- Norwegian energy company DNO announced Thursday that production at its oil fields in the Kurdistan Region is currently about 75,000 barrels of oil equivalent per day (boepd), and that it plans to drill additional wells to reach 100,000 boepd.
DNO said gross output at the Tawke license, where it holds a 75% operating stake, averaged 46,600 boepd in the third quarter of 2025 — 38% lower than the previous quarter due to mid-July drone attacks on its facilities.
The July escalation saw at least 11 drone-related incidents across Erbil, Sulaymaniyah, Duhok, and Zakho, targeting oil and gas sites, military positions, and civilian areas, including refugee camps.
On July 16, two drones struck DNO’s Peshkabur site and another hit Tawke. No casualties were reported, though both locations sustained material damage.
Oil and gas facilities across the Kurdistan Region have repeatedly been targeted by explosive-laden drones, widely attributed to pro-Iran groups operating in Iraq.
Looking ahead, DNO said it is launching an extensive development program at the Tawke and Peshkabir fields. Drilling operations are expected to resume by year-end, with the DQE-51 and Sindy rigs mobilized to drill eight wells in 2026 as part of plans to increase output from both fields to 100,000 boepd.
Oil exports from the Kurdistan Region resumed in late September after more than two years of suspension, following an interim agreement between Baghdad, Erbil and international oil companies.
During the shutdown, companies sold crude at discounted rates to local refineries. DNO said it continues to sell its entitlement volumes to local buyers for just over $30 per barrel on a cash-and-carry basis, with the crude later supplied to the export pipeline under arrangements with Kurdistan Region authorities.
Although DNO has declined to formally join the agreement between international oil companies, the Iraqi federal government, and the Kurdistan Regional Government regarding oil exports through the Iraq-Turkey pipeline, this announcement marks a shift from its previous approach. Instead of transporting its oil by tanker to neighboring countries, DNO has now indirectly become part of the agreement, as the oil it produces is ultimately being exported via the Iraq-Turkey pipeline.
DNO also reported a strong financial performance worldwide, posting $547 million in revenue and $222 million in operating profit in the third quarter — more than double the previous quarter.