Genel Energy PLC: Update on Tawke PSC
27 May 2020
Genel Energy plc
Update on Tawke PSC
Gross production at the Tawke licence in the
The Tawke licence exit rate at year-end 2020 is projected at 85,000 bopd, absent any new wells. The operator believes the reduction in oil production is reversible with a restart of drilling as and when the market recovers. Production continues to be split approximately 55-45 between the Tawke and Peshkabir fields.
One active workover rig will shortly be moved for scheduled maintenance. However, two third-party rigs remain warm stacked at the Tawke and Peshkabir fields and can quickly be mobilised if oil prices climb and export payments are regularised.
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