• Exports through the KRI-Turkey pipeline begin, growing to over 400,000 bopd by the end of the year.
  • Agreement reached in November with the Ministry of Natural Resources of the KRG for the development of the Miran and Bina Bawi gas fields.
  • Working interest production rises to an average of 69,000 boepd, with gross production from Taq Taq and Tawke averaging 194,000 bopd.


  • KRI export pipeline infrastructure complete and in the commissioning phase. Volumes of KRI oil in storage at Ceyhan continue to grow.
  • Turkey-KRG Gas Sales Agreement a significant milestone in the commercialisation of Miran and Bina Bawi gas fields 100% success rate on KRI exploration – Chia Surkh, Ber Bahr and Tawke Deep discoveries.
  • Successful appraisal drilling at Bina Bawi increased mean contingent resources by 70%.
  • Proven and probable reserves (2P) increased to 453 mmboe (2012: 445 mmboe), representing a reserve replacement ratio of 147%.
  • Total working interest reserves and unrisked resources increased to 5.9 bnboe (2012: 5.4 bnboe).


  • Announced upgrade of Tawke Fields reserves and resources by 78% to an estimated 509 mmboe.
  • Announced most comprehensive exploration and drilling programme in the Kurdistan Region to date.
  • Acquired 44% interest Bina Bawi exploration licence, Kurdistan Region.
  • Acquired 40% additional interest and operatorship in Chia Surkh.
  • Established a high impact African exploration portfolio through acquisition of material positions in Somaliland, Morocco, Cote D’Ivoire and Malta.
  • Increased working interest in Miran from 25% to 100% (pre-KRG back-in).


  • Resumed oil exports from Taq Taq and Tawke following agreement of a revenue sharing mechanism between the KRG and Iraqi Government.
  • Miran West 3, Peshkabir and Ber Bahr 1 exploration wells commenced.
  • Merger of Genel Energy International Limited with Vallares PLC.
  • Genel Energy plc listed on London Stock Exchange.
  • Dohuk exploration well.


  • 60 kbopd central processing facility begins operation at Taq Taq.
  • Studies undertaken for preparation of exploration drilling on Dohuk.
  • 3D seismic campaign commenced on Miran in December 2010.
  • 2D seismic acquired on Chia Surkh identifying and confirming several possible structures.


  • Acquired 25% interest in Tawke licence.
  • Acquired 25% interest in Miran licence.
  • Acquired 40% interest in Dohuk and Ber Bahr, and 20% interest in Chia Surkh licences.
  • Tie-in of Tawke pipeline to Iraq northern pipeline system.
  • First oil exports from Taq Taq and Tawke commenced with the opening of the Kirkuk-Ceyhan pipeline.


First production on Taq Taq with loading facility completed.


First production from Tawke field. KRG Petroleum Law approved. Taq Taq field discovery made in July.


First exploration drilling at Taq Taq field Kewa Chirmila Exploration Block added to Taq Taq PSC. Tawke field discovery made with Tawke-1 exploration well.


First new oil well drilled at Tawke field after 2003 Iraq invasion. Entered into a farm-in agreement with Addax for Taq Taq and formed TTOPCO operating company.


PSCs for the Tawke and Dohuk fields signed by DNO International.


Commenced operations in the Kurdistan Region with the first ever PSC for Taq Taq field.