DJ Genel Energy PLC: Update on Tawke PSC
Genel Energy PLC (GENL)
Genel Energy PLC: Update on Tawke PSC
29-Jul-2021 / 07:00 GMT/BST
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29 July 2021
Genel Energy plc
Update on Tawke PSC
Genel Energy plc ('Genel') notes that DNO ASA, as operator of the Tawke PSC (Genel 25% working interest), has today
issued an update on licence activity.
Gross operated Tawke licence production including the Tawke and Peshkabir fields averaged 110,300 bopd in Q2 2021
(112,000 bopd in Q1 2021).
DNO's gross production guidance for the Tawke licence for 2021 remains 110,000 bopd.
Q2 2021 Tawke licence gross operated production averaged 110,300 bopd, of which the Peshkabir field contributed 63,000
bopd (61,400 in Q1 2021) and Tawke field 47,300 bopd (50,600 in Q1 2021).
Five new wells scheduled at Peshkabir in 2021 in addition to workovers and interventions in existing wells.
With no new wells having come on production at the Tawke field in more than a year, the natural production decline has
been partially offset by pressure support from reinjection of over 20 million cubic feet of gas per day from the
Peshkabir field in addition to workovers and interventions of existing wells.
Genel will issue 2021 half-year results next Tuesday, 3 August.
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For further information, please contact:
Genel Energy
+44 20 7659 5100
Andrew Benbow, Head of Communications
Vigo Communications
+44 20 7390 0230
Patrick d'Ancona
Notes to editors:
Genel Energy is a socially responsible oil producer listed on the main market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94). The Company is one of the largest London-listed independent hydrocarbon producers, with an asset portfolio that positions us well for a future of fewer and better natural resources projects. Genel has low-cost and low-carbon production from the Sarta, Taq Taq, and Tawke licences in the Kurdistan Region of Iraq, providing financial resilience that allows investment in growth and the payment of a material and sustainable dividend, even at a low oil price. Genel also continues to pursue further growth opportunities. For further information, please refer to www.genelenergy.com. -----------------------------------------------------------------------------------------------------------------------
ISIN: JE00B55Q3P39, NO0010894330 Category Code: MSCM TIDM: GENL LEI Code: 549300IVCJDWC3LR8F94 Sequence No.: 118694 EQS News ID: 1222516 End of Announcement EQS News Service =------------------------------------------------------------------------------------ Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1222516&application_name=news
(END) Dow Jones Newswires
July 29, 2021 02:00 ET (06:00 GMT)
