Genel Energy

Legal Proceedings Report • Oct 16, 2023

National Storage Mechanism | Additional information

Genel Energy PLC (GENL)

Genel Energy PLC: Update on Tawke PSC

16-Oct-2023 / 07:00 GMT/BST

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16 October 2023

Genel Energy plc

Update on Tawke PSC

Genel Energy plc (‘Genel’ or ‘the Company’) notes that DNO ASA, as operator of the Tawke PSC (Genel 25% working interest), has today issued an update on licence activity.

Gross production from the Tawke licence in Q3 2023 totalled 25,984 bopd.

Production was shutdown following the closure of the Iraq-Türkiye pipeline on 25 March 2023. The Tawke field was reopened on 18 July and production has since ramped up, with the contractor share of crude oil from the field during the quarter sold to local buyers with payments received directly in advance. No crude oil was delivered to the Kurdistan Regional Government for export by pipeline through Türkiye.

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For further information, please contact:

Genel Energy Andrew Benbow, Head of Communications	+44 20 7659 5100
Vigo Consulting Patrick d’Ancona	+44 20 7390 0230

Notes to editors:

Genel Energy is a socially responsible oil producer listed on the main market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94), with an asset portfolio that positions us well for a future of fewer and better natural resources projects. Genel has low-cost and low-carbon production from the Kurdistan Region of Iraq, and continues to seek opportunities to add new resilient and cash-generative assets to its portfolio. For further information, please refer to www.genelenergy.com

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Dissemination of a Regulatory Announcement, transmitted by EQS Group.

The issuer is solely responsible for the content of this announcement.

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ISIN:	JE00B55Q3P39, NO0010894330
Category Code:	MSCM
TIDM:	GENL
LEI Code:	549300IVCJDWC3LR8F94
Sequence No.:	278086
EQS News ID:	1749091

End of Announcement	EQS News Service

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