Norwegian oil company DNO increased its gross production in Kurdistan on an annualized basis in the fourth quarter of 2024. But net production fell in the same period.
On an annualized basis, gross production rose to 74,163 barrels of oil per day (65,773). Compared to the third quarter, this was a decline (84,212). The corresponding production in the North Sea was 6,602 barrels per day, compared with 11,236 barrels per day in the third quarter.
Net entitlement production in Kurdistan fell to 17,424 b/d in Q4 (26,057). Sequentially, there was a slight decline from 17,607 b/d in the third quarter. In the North Sea, there was an increase in net production to 19,031 barrels of oil per day (16,879) and an increase on a quarterly basis (11,236).
In Kurdistan, sales fell in Q4 to 17 424 barrels per day (26 057), with a small quarterly decline (17 607). In the North Sea, sales rose year-on-year to 17 088 barrels per day (15 628). On a quarterly basis, an increase was also recorded (15,307).