Genel Energy says Tawke field output restarts after June shutdown
Reuters2026/08/13 06:09Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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- 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:
This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Genel Energy plc published the original content used to generate this news brief via EQS News (Ref. ID: UK-Regulatory_2382032_en) on August 13, 2026, and is solely responsible for the information contained therein.
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