Production

Genel is the only multi-licence producer in the Kurdistan Region of Iraq, with low-cost production from three fields, Taq Taq, Tawke, and Peshkabir, the latter two both contained in the Tawke PSC. Sarta, which has the potential to be one of the biggest fields in the KRI, is expected to enter production in Q4 2020.

As at 31 December 2019, Genel had estimated net proven and probable (2P) reserves of 124 MMbbls.

Our low-cost, rapid return assets in the Kurdistan Region of Iraq produced 32,100 bopd in H1 2020, with production costs among the lowest in the world. Our producing assets are low-cost and low-carbon, providing financial resilience that allows investment in growth and the payment of a material and sustainable dividend, even at a low oil price.

Key statistics

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Production

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