Kurdish operators receive July crude export payments

Kurdish operators have announced receipt of oil sales payments from the KRG today towards July exports: DNO has confirmed that the Tawke partners have received USD39.5 million Genel has confirmed that the Taq Taq partners have received and USD10.4 million These payments are in line with recent payments and should be the last under the "old" system (i.e. before the recent change in terms in exchange for settlement fo historical receivables). Payment for August sales should be made in November - these should increase with DNO's greater share in...

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Catcher if you can

The Catcher FPSO has arrived on schedule into the North Sea. The vessel is currently at Nigg performing crew changes and resupply ahead of moving to the Catcher field location. The field remains on track to come onstream by the end of the year. Tweleve wells have been completed ahead of first oil and drilling has been better than expected, encountering 30% more net pay with 40% better well deliverability. As a result, expected plateau production has increased by 20% to 60mboepd. There is potential for a reserves upgrades above the existing 96mmboe...

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