{"id":"dno-second-quarter-tawke-peshkabir-drilling-resumption-2026","canonicalSlug":"dno-second-quarter-tawke-peshkabir-drilling-resumption-2026","url":"https://wellficent.com/en/news/dno-second-quarter-tawke-peshkabir-drilling-resumption-2026","language":"en","title":"DNO reports record revenue while restarting Kurdistan production and drilling","summary":"The second-quarter update distinguishes group financial performance from recovery at Tawke and Peshkabir.","body":["DNO reported second-quarter 2026 revenue of USD 760.5 million on 13 August, up 21% from the preceding quarter. Operating profit reached USD 439 million, an increase of 55%, while net profit was USD 83.4 million, up 65%. These are group results across different regions; they should not be presented as revenue generated solely by the company's Iraqi Kurdistan operations.","The company reported net group production of 88,430 barrels of oil equivalent per day. The North Sea contributed 84,912, West Africa 3,246 and Kurdistan 273. The relatively small Kurdistan figure reflects the reporting-period disruption, rather than the production level reached after summer restarts. The release identifies both operational recovery and financial growth, but they cover different geographic and timing bases.","At the Tawke licence, production and drilling had been halted as a safety precaution in late February. Workovers and an eight-well campaign resumed on 9 April. Tawke production restarted on 28 June, followed by Peshkabir on 11 July. DNO holds 75% of the licence and Genel Energy 25%. The company expected production to stabilize near pre-shutdown levels, subject to security conditions and contributions from new wells; that remained an expectation when reported.","For well-industry users, the update provides distinct dates for intervention, drilling and production recovery. Restarting a campaign does not establish that all eight wells were completed or that anticipated volumes were achieved. Later operating disclosures are needed to evaluate that progress. Keeping group earnings separate from licence-level milestones helps assess the recovery without assigning North Sea financial performance to Iraqi wells or converting a forecast of stabilization into an already measured result."],"keyPoints":[],"sections":[],"text":"DNO reports record revenue while restarting Kurdistan production and drilling\n\nThe second-quarter update distinguishes group financial performance from recovery at Tawke and Peshkabir.\n\nDNO reported second-quarter 2026 revenue of USD 760.5 million on 13 August, up 21% from the preceding quarter. Operating profit reached USD 439 million, an increase of 55%, while net profit was USD 83.4 million, up 65%. These are group results across different regions; they should not be presented as revenue generated solely by the company's Iraqi Kurdistan operations.\n\nThe company reported net group production of 88,430 barrels of oil equivalent per day. The North Sea contributed 84,912, West Africa 3,246 and Kurdistan 273. The relatively small Kurdistan figure reflects the reporting-period disruption, rather than the production level reached after summer restarts. The release identifies both operational recovery and financial growth, but they cover different geographic and timing bases.\n\nAt the Tawke licence, production and drilling had been halted as a safety precaution in late February. Workovers and an eight-well campaign resumed on 9 April. Tawke production restarted on 28 June, followed by Peshkabir on 11 July. DNO holds 75% of the licence and Genel Energy 25%. The company expected production to stabilize near pre-shutdown levels, subject to security conditions and contributions from new wells; that remained an expectation when reported.\n\nFor well-industry users, the update provides distinct dates for intervention, drilling and production recovery. Restarting a campaign does not establish that all eight wells were completed or that anticipated volumes were achieved. Later operating disclosures are needed to evaluate that progress. Keeping group earnings separate from licence-level milestones helps assess the recovery without assigning North Sea financial performance to Iraqi wells or converting a forecast of stabilization into an already measured result.","category":"finance","region":"world","topics":[],"eventDate":"2026-08-13","eventDateBasis":"source-event-or-period","publishedAt":"2026-10-03T15:14:59+03:00","modifiedAt":"2026-10-03T15:14:59+03:00","publicationBasis":"first-publication","preparedAt":null,"sourcePublishedAt":"2026-08-13","translatedAt":null,"sources":[{"name":"DNO","url":"https://www.dno.no/en/investors/announcements/dno-reports-record-revenue-as-it-chases-new-growth-2026-08-13/","checkedAt":"2026-10-03","publishedAt":"2026-08-13"}],"translations":{"en":"https://wellficent.com/en/news/dno-second-quarter-tawke-peshkabir-drilling-resumption-2026","tr":"https://wellficent.com/tr/news/dno-second-quarter-tawke-peshkabir-drilling-resumption-2026","ar":"https://wellficent.com/ar/news/dno-second-quarter-tawke-peshkabir-drilling-resumption-2026","fr":"https://wellficent.com/fr/news/dno-second-quarter-tawke-peshkabir-drilling-resumption-2026","es":"https://wellficent.com/es/news/dno-second-quarter-tawke-peshkabir-drilling-resumption-2026","ru":"https://wellficent.com/ru/news/dno-second-quarter-tawke-peshkabir-drilling-resumption-2026","pt":"https://wellficent.com/pt/news/dno-second-quarter-tawke-peshkabir-drilling-resumption-2026"},"corrections":[],"locations":[{"id":"country-iq","type":"country","countryCode":"IQ","name":{"en":"Iraq","tr":"Irak","ar":"العراق","fr":"Irak","es":"Irak","ru":"Ирак","pt":"Iraque"},"context":{"en":"Country context of the report, not an exact well location. The cited source supplies no verified well coordinates.","tr":"Haberin ülke bağlamıdır; kesin kuyu konumu değildir. Kaynak doğrulanmış kuyu koordinatı sağlamıyor.","ar":"سياق البلد للخبر، لا موقع بئر دقيق. لا يقدم المصدر إحداثيات آبار موثقة.","fr":"Contexte national du reportage, pas emplacement exact d’un puits. La source ne fournit pas de coordonnées vérifiées.","es":"Contexto nacional del informe, no ubicación exacta de un pozo. La fuente no proporciona coordenadas verificadas.","ru":"Страна указана для контекста материала, а не как точное местоположение скважины. Цитируемый источник не предоставляет проверенных координат скважин.","pt":"A localização indica o país referido no artigo, não a posição exata de um poço. A fonte citada não fornece coordenadas verificadas dos poços."},"source":{"name":"DNO","url":"https://www.dno.no/en/investors/announcements/dno-reports-record-revenue-as-it-chases-new-growth-2026-08-13/","checkedAt":"2026-10-03"}}],"wellIndustry":{"sector":"oil-gas","signal":"operational-result","activities":["drilling","production"],"metrics":[],"source":{"name":"DNO","url":"https://www.dno.no/en/investors/announcements/dno-reports-record-revenue-as-it-chases-new-growth-2026-08-13/","checkedAt":"2026-10-03"},"reviewedAt":"2026-10-03T12:03:26+00:00"}}