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 DETAILSNET 2P RESERVES
DIVIDENDS ANNOUNCED
NET PRODUCTION
FREE CASH FLOW
LOST TIME INCIDENTS
SPILLS – LOSS OF PRIMARY CONTAINMENT
Making a Positive Difference
Genel20 Scholars

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.