The Norwegian firm plans to boost its Iraqi Kurdistan spending 50% to $250mn in 2018. With Peshkabir field set to surpass 30,000 b/d by summer, oil prices up year-on-year and KRG payments seemingly stable, higher revenues are expected. But is DNO too reliant on Kurdish crude?  

Few success stories have emerged from Iraqi Kurdistan in recent months. Kurdish private firm KAR (and by extension, the KRG) lost 280,000 b/d of output when Iraqi forces retook Kirkuk last October (MEES,...