Genel Energy says Tawke field output restarts after June shutdown
Reuters2026/08/13 06:09- Genel flagged resumed drilling at the Tawke license, with production restarted at Tawke on June 28 and Peshkabir on July 11.
- DNO expects Tawke license output to stabilize around pre-shutdown levels, barring adverse security developments.
- Entitlement oil is currently sold at mid-to-upper USD 30s a barrel while access to export markets or export pricing remains unresolved.
- Genel said export-market access would more than double free cash flow generation from the Tawke PSC.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US Dollar: Range-bound support as Fed priced – ING
GBP/JPY Price Forecast: Six-month lows at the 209.20 area under pressure
Temple Bar Investment Trust Sept. 4 estimated NAV with debt at par value at 413.32 pence/share
The yield on the 10-year US Treasury is approaching the 5.5% red line! Societe Generale warns: Stock valuation support is failing, US stocks may face a severe shock.
Société Générale pointed out that this year’s global profit expectations have been significantly raised. Even with rising yields, this has prevented equity risk premiums from plunging.
Crypto prices
More
