Genel Energy PLC: Update on Tawke PSC (1749091)
October 16 2023 - 2:00AM
UK Regulatory
Genel Energy PLC (GENL)
Genel Energy PLC: Update on Tawke PSC
16-Oct-2023 / 07:00 GMT/BST
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16 October 2023
Genel Energy plc
Update on Tawke PSC
Genel Energy plc ('Genel' or 'the Company') notes that DNO ASA, as operator of the Tawke PSC (Genel 25% working
interest), has today issued an update on licence activity.
Gross production from the Tawke licence in Q3 2023 totalled 25,984 bopd.
Production was shutdown following the closure of the Iraq-Türkiye pipeline on 25 March 2023. The Tawke field was
reopened on 18 July and production has since ramped up, with the contractor share of crude oil from the field during
the quarter sold to local buyers with payments received directly in advance. No crude oil was delivered to the
Kurdistan Regional Government for export by pipeline through Türkiye.
-ends-
For further information, please contact:
Genel Energy
+44 20 7659 5100
Andrew Benbow, Head of Communications
Vigo Consulting
+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), 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 Kurdistan
Region of Iraq, and continues to seek opportunities to add new
resilient and cash-generative assets to its portfolio. For further
information, please refer to www.genelenergy.com
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Dissemination of a Regulatory Announcement, transmitted by EQS
Group. The issuer is solely responsible for the content of this
announcement.
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ISIN: JE00B55Q3P39, NO0010894330
Category Code: MSCM
TIDM: GENL
LEI Code: 549300IVCJDWC3LR8F94
Sequence No.: 278086
EQS News ID: 1749091
End of Announcement EQS News Service
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