FY17 WI production stood at 35.2 mbbl/d (GMP FEe: 35.6 mbbl/d) including 7.9 mbbl/d at Taq Taq and 27.3 mbbl/d at Tawke. In 2018 to date, gross production from Taq Taq has averaged 14,540 bbl/d (up from 14.0 mbbl/d in 4Q17), with the TT-29w, TT-30, and TT-31 wells contributing to the stabilisation in production. During 2018, Genel expects to undertake an extended well test of Bina Bawi-4 and continue to look for a farm-in partner for its gas asset. Net debt at the end of 2017 was US$135 mm (G
25 Jan 2018
FLASH: Trading update and 2018 outlook
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FLASH: Trading update and 2018 outlook
Genel Energy PLC (GENL:LON) | 82.2 -1.2 (-1.8%) | Mkt Cap: 229.7m
- Published:
25 Jan 2018 -
Author:
Stephane Foucaud -
Pages:
2
FY17 WI production stood at 35.2 mbbl/d (GMP FEe: 35.6 mbbl/d) including 7.9 mbbl/d at Taq Taq and 27.3 mbbl/d at Tawke. In 2018 to date, gross production from Taq Taq has averaged 14,540 bbl/d (up from 14.0 mbbl/d in 4Q17), with the TT-29w, TT-30, and TT-31 wells contributing to the stabilisation in production. During 2018, Genel expects to undertake an extended well test of Bina Bawi-4 and continue to look for a farm-in partner for its gas asset. Net debt at the end of 2017 was US$135 mm (G