By John Lee. Shares in Kurdistan-focused Genel Energy finished Wednesday up over 2 percent, as CEO Tony Hayward said there is "a lot to look forward to" in terms of oil and natural gas production from the Kurdish region of Iraq. The shares are trading at levels not seen since early 2011. The text of […]
Erbil Governorate has compiled and published a list of the top oil companies in Kurdistan [Note: This list was originally compiled and published by Marcopolis - Ed.]. Please click here to see a list of oil companies with licences granted by the Ministry of Oil in Baghdad. [NEW: An updated list can now be found […]
By John Lee. DNO International announced today that its deep Tawke-17 well tested 1,500 barrels a day of 26-28 degree API crude oil from an Upper Jurassic reservoir underlying the Tawke field in the Kurdistan Region of Iraq. Separately, the Tawke-20 well, the Company's first horizontal well in the Tawke field, has flowed an average […]
The American University of Iraq, Sulaimani [Sulaymaniah] (AUIS) announced today that it is the beneficiary of a generous donation from Genel Energy. The bequest of $20 million USD, which was facilitated by the Kurdistan Regional Government and is part of Genel’s commitments to enhance the infrastructure of the Kurdistan Region, enables AUIS to continue to […]
Gulf Keystone (GKP) and Genel Energy announced a commercial oil discovery at the Ber Bahr-1 exploration well on the Ber Bahr block in the Kurdistan Region of Iraq. Shares in GKP were up more than 5 percent on the day, with Genel Energy up 1.2 percent. Genel Energy, as operator, made the following statement: "The […]
DNO International ASA, the Norwegian oil and gas company, announced today that oil production from the Tawke field in the Kurdistan Region of Iraq has averaged over 100,000 barrels a day during the previous 72 hours as the Company conducts well and pipeline deliverability tests following its 2012 drilling program and facilities upgrades. "We are […]
The Anglo-Turkish oil and gas independent, Genel Energy, has announced that a second drill-stem test carried out on the Chia Surkh 10 well has confirmed the existence of an additional oil bearing section. The test was carried out over a 12 metre zone in a younger Miocene section than the the first drill-stem test, and […]
By John Lee. Genel Energy has said it has made significant progress on getting a pipeline to reach the Turkish border. Conversion of a pipeline in the Kurdish region from natural gas to oil could be finished as early as the fourth quarter of this year, reports UPI. The company said it expects exports to […]
By John Lee. Shares in Genel Energy opened 1.5 percent higher on Monday morning following the company's interim management statement for the period from 1 January 2013 to today. This statement is issued ahead of Genel Energy's Annual General Meeting, which is being held at 11.00am today at the Sofitel St James's, 6 Waterloo Place, […]
By John Lee. Shares in the Anglo-Turkish oil and gas company Genel Energy closed up 6.4 percent on Wednesday after it announced that the first of five exploration wells it plans to drill this year in the Kurdistan Region of Iraq has made a significant oil discovery. The company said the Chia Surkh 10 well […]
By John Lee. The first cargo of Iraqi Kurdistan's crude oil has been sold on the international market, industry sources report. World Bulletin says that the crude, pumped from Genel Energy's Taq Taq oilfield (pictured), was exported by truck to Turkey and sold via tender for loading in April. One trader said the cargo sold […]
By John Lee. Austria's OMV, the operator of the Bina Bawi field in the Kurdistan Region of Iraq, has today issued the following press release: An extended well test ("EWT") commenced production from the Bina Bawi-3 well on March 20, 2013. Furthermore the contractor group has submitted a Declaration of Commerciality for the field to […]
