The Tawke block’s (DNO 75%op, Genel 25%) Peshkabir field has been covering up for sizeable production declines at the main Tawke since late 2017. Output was a healthy 128,000 b/d in January, but the Tawke field’s was just 74,000 b/d against 54,000 b/d - a 21.3% annual decline (MEES, 8 February).

An assessment of the block’s reserves by DeGolyer and MacNaughton released this week highlight a deteriorating picture for the Tawke field. While reserves at the block at end-2018...