Iraq Business News: Oil & Gas

FEBRUARY 6, 2025

DNO ASA , the Norwegian oil and gas operator, today reported 2024 revenues of USD 667 million on the back of what it described as " stellar production " in the Kurdistan region of Iraq. Operational Overview Production decline in Q4 attributed to truck transport disruptions in October. 20+ well workovers and interventions.

Workover 52

Workover Operating Interest Field Pipeline 52

The Energy Law

APRIL 29, 2016

The lower court agreed with the plaintiffs, finding that, even if it were to consider the profit calculations put forth by the defendants, the unitized well holding the leases averaged a profit of just over $70 a month, and this minimal profit was not “sufficient to induce a reasonably prudent operator to continue production.”

Workover 40

Workover Operator E&P E&A 40

The Energy Law

JUNE 12, 2017

The mortgagee directed the mineral lessees to perform specific workovers and completions on other properties collateralized in the mortgage. The mortgage provided that the mineral lessees could not enter into new operating agreements or amend existing operating agreements without written consent of the mortgagee. [14]

Royalty 40

Royalty Exploration and Production Royalty Interest Operator 40