• 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 104 MMbbls of 2P 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 pay a material and sustainable dividend policy. Unrestricted cash balances at 30 June 2022 were $412 million, with net cash of $141 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%

Morocco

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

Somaliland

SL101351%, operatorOPIC Somaliland Corporation, 49%
Odewayne 50%, operator Sterling Energy 40%, Petrosoma 10%