REG-Genel Energy PLC Genel Energy PLC: Update on Tawke PSC

Genel EnergyAnnouncement

16/10/2023 07:00

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   Genel Energy PLC (GENL)
   Genel Energy PLC: Update on Tawke PSC

   16-Oct-2023 / 07:00 GMT/BST

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   16 October 2023

                                        

                                Genel Energy plc

                                        

                              Update on Tawke PSC

    

   Genel Energy  plc  (‘Genel’ or  ‘the  Company’)  notes that  DNO  ASA,  as
   operator of the Tawke PSC (Genel  25% working interest), has today  issued
   an update on licence activity.

    

   Gross production from the Tawke licence in Q3 2023 totalled 25,984 bopd.

    

   Production was shutdown following the closure of the Iraq-Türkiye pipeline
   on 25 March 2023. The Tawke field  was reopened on 18 July and  production
   has since ramped up, with the contractor share of crude oil from the field
   during the quarter sold to local buyers with payments received directly in
   advance. No crude oil was  delivered to the Kurdistan Regional  Government
   for export by pipeline through Türkiye.

    

                                     -ends-

    

   For further information, please contact:

    

   Genel Energy
                                         +44 20 7659 5100
   Andrew Benbow, Head of Communications
                                          
   Vigo Consulting
                                         +44 20 7390 0230
   Patrick d’Ancona 

    

   Notes to editors:

    

   Genel Energy is  a socially responsible  oil producer listed  on the  main
   market   of    the    London    Stock   Exchange    (LSE:    GENL,    LEI:
   549300IVCJDWC3LR8F94), with an asset portfolio that positions us well  for
   a future  of  fewer  and  better natural  resources  projects.  Genel  has
   low-cost and low-carbon production from the Kurdistan Region of Iraq,  and
   continues to seek opportunities to  add new resilient and  cash-generative
   assets  to  its  portfolio.  For  further  information,  please  refer  to
    1 www.genelenergy.com

    

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   ISIN:          JE00B55Q3P39, NO0010894330
   Category Code: MSCM
   TIDM:          GENL
   LEI Code:      549300IVCJDWC3LR8F94
   Sequence No.:  278086
   EQS News ID:   1749091


    
   End of Announcement EQS News Service

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