YE17 gross 2P reserves stood at 513 mmbbl (down from 536 mmbbl at YE16) reflecting a 17 mmbbl addition only partially offsetting FY17 production of 40 mmbbl. The 2P reserves on the Tawke licence include 75.1 mmboe at Peshkabir (up from 32.1 mmboe at YE16) and 437.5 mmbbl at Tawke (down from 503.8 mmboe at YE16 given production and a 27.8 mmboel downward net revision). YE17 2C resources on the licence were 91 mmboe, down from 211 mmboe last year as some of the 110.9 mmboe 2C resources at Peshk
15 Mar 2018
FLASH: Reserves and resources update at Tawke and Peshkabir
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FLASH: Reserves and resources update at Tawke and Peshkabir
Genel Energy PLC (GENL:LON) | 83.2 -0.1 (-0.1%) | Mkt Cap: 232.5m
- Published:
15 Mar 2018 -
Author:
Stephane Foucaud -
Pages:
2
YE17 gross 2P reserves stood at 513 mmbbl (down from 536 mmbbl at YE16) reflecting a 17 mmbbl addition only partially offsetting FY17 production of 40 mmbbl. The 2P reserves on the Tawke licence include 75.1 mmboe at Peshkabir (up from 32.1 mmboe at YE16) and 437.5 mmbbl at Tawke (down from 503.8 mmboe at YE16 given production and a 27.8 mmboel downward net revision). YE17 2C resources on the licence were 91 mmboe, down from 211 mmboe last year as some of the 110.9 mmboe 2C resources at Peshk