Genel Energy

Genel Energy is a socially responsible oil producer with production assets in the Kurdistan Region of Iraq and exploration assets in Somaliland and Morocco. Our plans for delivery of shareholder value are framed by our corporate values and are driven by our strategic goals. Genel’s strategy comprises three pillars designed to build a business with resilient and diversified cash flows that deliver sustainable value to shareholders, and with the aim of restarting the payment of a regular dividend.

Pillar 1: Strong balance sheet
Significant cash balance, appropriate leverage, strategic objectives funded

Pillar 2: Resilient cash generation
Significant 2P reserves, predictable and resilient production, strong and efficient operational performance

Pillar 3: Investment in new cash flows
Well-established and effective process for deal origination and evaluation, production or near-to production assets, cash generative assets with value upside

Latest audited KPIs – FY2023

MORE DETAILS

NET 2P RESERVES

89MMbbls

DIVIDENDS ANNOUNCED

$34Million

NET PRODUCTION

12,410bopd

FREE CASH FLOW

$-71Million

LOST TIME INCIDENTS

0.0

SPILLS – LOSS OF PRIMARY CONTAINMENT

0.0Frequency

Making a Positive Difference

Genel20 Scholars

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Genel signed its first PSC in the Kurdistan Region of Iraq in 2002, the first company to do so. Genel has now invested $3.5 billion in the region, supporting thousands of jobs and making a material social and economic contribution. We marked 20 years in the KRI through an increase in the scope of our social activities under the Genel20 banner.

The largest initiative announced was the Genel20 Scholars programme, which is set to provide the opportunity for disadvantaged students to have a life-enhancing education.

Somaliland Mobile Medical Clinic

In 2023 Genel initiated a mobile medical clinic programme in Somaliland which targets communities with few or no existing medical support services within Genel’s SL10B13 asset. Genel’s Somaliland in-country team engaged a Shifat to roll out this important project, which has been very well-received by our host communities. This programme has made significant strides since the launch, treating over 10,000 patients. Genel Energy is proud to support this life-changing initiative, which brings essential medical care to underserved areas, improving the health and well-being of thousands of people in the region.

Our Values

Integrity

Respect

Ingenuity

Accountability

Collaboration

Tel: +44 (0)371 384 2893
(Lines are open 8.30am to 5.30pm, Monday to Friday).

View your shareholding details online, and buy and sell shares online or by telephone.

In addition shareholders can view their Genel Energy shareholding details online by registering with Shareview, a service offered by our registrars, Equiniti (Jersey) Limited.

To access the service, go to www.shareview.co.uk and complete the simple on-screen registration process.

Once you have signed up for Shareview, you will be able to:

  • Check your shareholding in Genel Energy 24 hours a day
  • Register your email and mailing preference (post or electronic) for future shareholder mailings
  • Gain easy access to a variety of shareholder information including indicative valuations and payment instruction details
  • Access the share dealing facility
  • Share dealing

Our registrars offer UK-based shareholders a simple and convenient telephone and internet share sale and purchase service.

Shareview dealing is available, for telephone purchases and sales on: 0345 603 7037 between 8:30am and 4:30pm, Monday to Friday. For internet purchases and sales, log on to www.shareview.co.uk/dealing.

Where is Genel Energy plc tax residency?
Genel Energy plc is a Jersey incorporated, UK tax domiciled company.