Press

Genel Energy: Update on Tawke PSC Reserves and Resources


Genel Energy plc ('Genel') notes that DNO ASA, as operator of the Tawke PSC (Genel 25% working interest), has today issued an update on the Tawke licence reserves and resources. The Tawke licence contains the Tawke and Peshkabir fields.

Gross oil reserves (MMboe)

1P

2P

3P

31 December 2016

353

536

725

2017 production

(40.0)

(40.0)

(40.0)

Technical revisions

35

17

195

31 December 2017

348

513

880

2C resources totalled 91 MMboe (211 MMboe at year-end 2016) following reclassification. 

International petroleum consultants DeGolyer and MacNaughton carried out the annual independent assessment of the Tawke licence.

As previously announced, Genel will release results for the year ended 31 December 2017 on Thursday 22 March 2018.



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