Norwegian oil and gas operator DNO and Turkish company Genel Energy have announced in separate statements that their production in Kurdistan, the Kurdish-populated region in Iraq, is expected to average 100,000 barrels of oil per day in 2020.
This is a result of declining oil prices and irregular export payments, caused by the response to the Covid-19 pandemic.
Go deeper with GlobalData
DNO and Genel Energy have cut production estimates and spending in Kurdistan this year, but have stated that work is ready to resume when prices strengthen again.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
