London-listed Genel Power has seen efforts to diversify its portfolio stumble lately. All of its 19,650 b/d in 2024 working curiosity output got here from its 25% stake in Iraqi Kurdistan’s DNO-operated Tawke discipline, whose output achieved a mean worth of simply $35/B (MEES, 7 February).
With makes an attempt to increase in Morocco and Somaliland failing to bear fruit, Genel has now entered Oman, earlier this month taking 40% stake in exploration Block 54 alongside a 60% operator stake held by state upstream agency OQEP (MEES, 14 March). (CONTINUED – 200 WORDS)
Learn this text without spending a dime
Achieve entry to over 60-years of power evaluation and information
Delve into the small print backed by information
Unique data from high-level officers
Assess future dangers and alternatives
