Weekly MENA Newsletter will be delivered to your email in PDF format every Friday (52 Issues per Year).
In line with its March reserves update, Anglo-Turkish firm Genel has begun providing monthly production updates from its Taq Taq field. Formerly the most productive field in the KRG at 130,000 b/d, a series of geological downgrades have left it barely producing 10% of this.
Genel reported April production of just 18,000 b/d on 4 May, adding that Q1 production averaged just under 25,000 b/d. It remains on track to produce 15-20,000 b/d over the course of 2017 ( MEES, 31 March ). Genel’s short-term finances are now dependent on its 25% stake in DNO’s Tawke.
DON'T HAVE AN ACCOUNT?
NEED TO UPGRADE YOUR CURRENT SUBSCRIPTION?
By upgrading your Print or Digital subscription you will gain access to the MEES Archives Database with past articles and data dating back from 1984.UPGRADE