• Snapshot Of Genel Energy

Snapshot of Genel Energy

Genel Energy’s core assets are located in the Kurdistan Region of Iraq. Our portfolio currently contains a working interest of 155 MMbbls of 124 reserves across four fields: Taq Taq, Peshkabir, Tawke, and Sarta. Net reserves and resources across the portfolio total 5.6 BNboe.

Genel has the balance sheet strength to invest in growth and maximise shareholder value, while still retaining sufficient strength to initiate a material and sustainable dividend policy. Unrestricted cash balances at 30 June 2020 were $355 million, with net cash of $57 million.

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

Asset Genel Interest (%) Partners (%)

Kurdistan Region of Iraq

Taq Taq44%, joint operatorAddax 36%, KRG 20%
Tawke25%DNO International 75% (operator)
Sarta30%Chevron 50% (operator), KRG 20%
Qara Dagh40%, operatorChevron 40%, KRG 20%
Miran 100%, operator
Bina Bawi 100%, operator

Morocco

Sidi Moussa75%, operatorONHYM 25% (carried through Exploration Period)  

Somaliland

SL1013100%, operator
Odewayne 50%, operator Sterling Energy 40%, Petrosoma 10%