• 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 92 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 31 December 2022 were $495 million, with net cash of $228 million. Our focus is now the preservation of capital for the addition of new resilient and cash-generative assets to our production portfolio, with free cash generation in 2023 funding both our dividend programme and progress towards the drilling of our exploration well in Somaliland.

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%


Lagzira75%, operatorONHYM 25% (carried through Exploration Period)  


SL101351%, operatorOPIC Somaliland Corporation, 49%
Odewayne 50%, operator Afentra 34%, Petrosoma 16%