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Genel Energy: Our reserves are in Kurdistan 400 million barrels
economic 2022/02/22 | 6:57 PM
Information/translation.
International oil consultants MacNavtin and de Gulier, who work on behalf of the operator, the Norwegian company GNO, estimated that the reserve license for the Tauki field, in which the British Genel Energy Company has a 25 percent share, amounted to 357 million barrels of operating interest until the end of 2021.
Genel Energy stated in an update to its reserves, translated by the agency, that "this reserve comes after adjusting production to 40 million barrels per day and an incremental technical review of 3 million barrels, as the company continues to retain 23 million barrels of total reserves."
He added, "In the Taq Taq field in northern Iraq, in which the company owns a joint operating share of 44 percent, the total reserves amounted to 26 million barrels at the end of 2021, after it was 33 million barrels at the end of 2020, with an operational concession of five million barrels."
He continued, "With regard to the Sarta field, in which it owns 30 percent, the situation remained unchanged, which represents less production, which stood at the end of 2021 at 32 million barrels, with a production rate of 2 million barrels."
It is noteworthy that "the total reserves of the three fields of Genel, which is headquartered in London, is about 400 million barrels after collecting their shares." finished/25 z
Genel Energy: Our reserves are in Kurdistan 400 million barrels
economic 2022/02/22 | 6:57 PM
Information/translation.
International oil consultants MacNavtin and de Gulier, who work on behalf of the operator, the Norwegian company GNO, estimated that the reserve license for the Tauki field, in which the British Genel Energy Company has a 25 percent share, amounted to 357 million barrels of operating interest until the end of 2021.
Genel Energy stated in an update to its reserves, translated by the agency, that "this reserve comes after adjusting production to 40 million barrels per day and an incremental technical review of 3 million barrels, as the company continues to retain 23 million barrels of total reserves."
He added, "In the Taq Taq field in northern Iraq, in which the company owns a joint operating share of 44 percent, the total reserves amounted to 26 million barrels at the end of 2021, after it was 33 million barrels at the end of 2020, with an operational concession of five million barrels."
He continued, "With regard to the Sarta field, in which it owns 30 percent, the situation remained unchanged, which represents less production, which stood at the end of 2021 at 32 million barrels, with a production rate of 2 million barrels."
It is noteworthy that "the total reserves of the three fields of Genel, which is headquartered in London, is about 400 million barrels after collecting their shares." finished/25 z
