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Genel Energy Expects Significant 2019 Output Boost

Source: Reuters 8/7/2018, Location: Middle East

Iraqi Kurdistan-focused Genel Energy is likely to significantly increase its oil production guidance next year, Chief Financial Officer Esa Ikaheimonen said.

The output boost is expected to come from 11 wells currently being drilled in three fields in the region, eight of which are expected to begin producing this year.

London-listed Genel reaffirmed its 2018 production guidance of 32,800 barrels of oil per day in its half-year results.

“We maintained that guidance... signalling that even with the existing level we would exceed guidance,” Ikaheimonen told Reuters.

Production News in Iraq >>

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United Kingdom >>  12/4/2018 - Apache Corporation (APA) announced it has initiated production from its Garten development on Block 9/18a Area-W in the United Kingdom sector of the N...

Peru >>  12/3/2018 - Frontera Energy Corporation (FEC) ("Frontera") announces an update on Block 192 in Peru ("Block 192"). ...
Russia >>  11/30/2018 - Exillon Energy plc, a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora ("Exillon TP") and West Siberia ...

Iraq >>  11/29/2018 - Output from Iraq’s Basra Gas Company (BGC) is expected to reach 1,050 million standard cubic feet per day (mcf/d) by the end of 2018, an increase of 1...
Brazil >>  11/27/2018 - Petroleo Brasileiro SA - Petrobras informs that in October its total production of oil and gas, including natural gas liquids (NGL), was 2.66 million ...

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