Genel Energy’s core assets are located in the Kurdistan Region of Iraq. Our portfolio currently contains a working interest of 155 MMbbls of 2P reserves across four fields: Taq Taq, Peshkabir, Tawke, and Sarta. Net reserves and resources across the portfolio total 5.6 BNboe.

Genel has the balance sheet strength to invest in growth and maximise shareholder value, while still retaining sufficient strength to initiate a material and sustainable dividend policy. Unrestricted cash balances at 31 December 2019 were $387 million, with net cash of $90 million.

Below is a summary of Genel Energy's interests divided by region.

Asset        Genel Interest (%) Partners (%)
Kurdistan Region of Iraq 
Taq Taq 44%, joint operator Addax 36%, KRG 20%
Tawke 25% DNO International 75% (operator)
Sarta 30% Chevron 50% (operator), KRG 20%
Qara Dagh 40%, operator Chevron 40%, KRG 20%
Miran  100%, operator  
Bina Bawi  100%, operator   
Morocco  
Sidi Moussa 75%, operator ONHYM 25% (carried through Exploration Period)  
Somaliland  
SL1013 100%, operator  
Odewayne  50%, operator  Sterling Energy 40%, Petrosoma 10%