Genel Energy’s core assets are located in the Kurdistan Region of Iraq. Our oil producing fields of Taq Taq and Tawke have currently estimated gross proven and probable (2P) reserves of 715 million barrels of oil (bbls) and proven, probable and possible reserves of over 1 billion bbls.

Unrestricted cash balances at 31 December 2016 stood at $408 million, with net debt of c.$240 million, providing us with the flexibility to pursue our strategy. 

Below is a summary of Genel Energy's interests divided by region.

Asset        Genel Interest (%) Partners (%)
Kurdistan Region of Iraq 
Taq Taq 44%, joint operator Addax 36%, KRG 20%
Tawke 25% DNO International 55% (operator), KRG 20% 
Chia Surkh 40% Petoil 40% (operator), KRG 20% 
Miran  75%, operator KRG 25% 
Bina Bawi  80%, operator  KRG 20% 
Morocco  
Sidi Moussa 60%, operator Serica Sidi Moussa B.V, San Leon Offshore Morocco B.V, Longreach Oil and Gas Ventures Limited 15%, ONHYM 25%
Somaliland  
SL10B & SL13 75%, operator East Africa Resource Group 25% 
Odewayne  50%, operator  Sterling Energy 40%, Petrosoma 10%