Oil companies operating in the Kurdistan Region are working to restore production levels after regional tensions and security threats forced several fields to reduce or suspend operations.
Recent drone attacks and security concerns led companies to scale back production in the Region. As conditions improve, operators are now seeking to return production to levels seen before the escalation of regional tensions.
Norwegian oil and gas company DNO reported record revenue of $761 million in the second quarter of 2026, a 21 percent increase from the previous quarter. The company said higher production from its North Sea operations and strong global oil prices offset the impact of suspended production in the Kurdistan Region.
DNO’s operating profit rose 55 percent to $439 million, while total profit increased 65 percent to $83 million. Average daily production reached 88,400 barrels, although only about 300 barrels per day came from the Kurdistan Region during the quarter.
The company said it suspended production and drilling at the Tawke license in late February as a precaution following U.S. and Israeli airstrikes on Iran. Production at the Tawke and Peshkabir fields resumed in late June and mid-July, with the company working to restore previous production levels.
Until export routes reopen, DNO said it is selling its share of the Region’s oil on the local market for approximately $35 to $39 per barrel.
Following the end of the second quarter, DNO also submitted an offer to acquire Genel Energy’s shares at 69 pence per share, representing a 38 percent premium over the company’s market closing price.
