Middle East Economic Survey


No 38



DNO Increases Tawke Stake

On 12 September Norways DNO announced that it was upping its stake in its producing Tawke production sharing contract (PSC) from 40% to 55% and extending its area to include the west Dohuk structure. In return DNO will relinquish most of its Dohuk PSC, except for the Summail Prospect and the Summail Extension area in the southern part of the current Dohuk contract area, the company said. All costs estimated at...