Genel Energy plc is an oil company with a registered office in Jersey and a field office in Turkey. The company is listed on the London Stock Exchange. It has its exploration and production operations in the Kurdistan region of Iraq, as well as exploration licences in Morocco and Somaliland. The company owns rights in three productions sharing contracts in the KRI, including interests in the Taq Taq, Sarta, and Tawke licences.[2]
| Company type | Public |
|---|---|
| LSE: GENL | |
| Industry | Oil and gas industry |
| Predecessor | Genel Enerji Vallares |
| Founded | 2011 |
| Headquarters | London |
Area served | Somaliland , Morocco, Iraqi Kurdistan |
Key people |
|
| Website | www |
"Genel Energy eyes Mideast push". Upstream Online. NHST Media Group. 2011-09-08. Retrieved 2011-09-10. </ref> Vallares was set up by Tony Hayward, financier Nathaniel Rothschild and banker Julian Metherell.[3] Genel Enerji was controlled by Mehmet Emin Karamehmet through Çukurova Group (56%) and Mehmet Sepil's family (44%). In 2009, Genel Enerji planned to merge with Heritage Oil; the deal subsequently collapsed.[4]
Genel Kurdistan
editTaq Taq, Sarta, and Tawke peshkabir with production between 12000-27000bpd
Genel Somaliland
editSomaliland oil blocs concession company's Genel with CPC Taiwan, Somaliland estimates of crude oil is 30Bn, exploration in place for 2024-2026 with contracts with CPC Taiwan, Previous Oil drills from Mobil, Chevron, Shell offshore showed no oil shows of few 19 wells drilled as Genel found new areas to drill for crude in southern central Somaliland estimates stand at 42OIIP and 30Bn Barrles , Bahadhamal oil Discovery showed CPC/Genel oilshows around 2 Barrel's in Somaliland Bloc and prepare for exploration wells on Somali plate Tectonics.
Genel Morroco
editLagzira Oil blocs in Morocco Offshore with Genel energy Atlantic Region
Genel Energy was created in 2011 as a result of the reverse acquisition of Turkish Genel Enerji by Tony Hayward-led investment company Vallares.<ref name=upstream080911>
References
edit- ^ "Board of Directors". Genel Energy. Archived from the original on 15 August 2015. Retrieved 21 May 2019.
- ^ "Operations".
- ^ Cite error: The named reference
upstream080911was invoked but never defined (see the help page). - ^ "Vallares poised to buy Genel Enerji". Upstream Online. NHST Media Group. 2011-09-06. Retrieved 2011-09-10.
