Press

Operational update from Genel Energy

Posted by OilVoice Press

23-Dec-2016


Genel Energy plc ('Genel' or 'the Company') issues the following update in respect of the Taq Taq field (Genel 44% working interest).

The third and final well of the 2016 Taq Taq drilling programme, TT-16y, has been successfully drilled and completed in the main Shiranish reservoir. The well is naturally flowing at c.8,000 bopd. 

Gross Taq Taq production is currently c.40,000 bopd, with Q4 2016 averaging 45,000 bopd to date. The Pilaspi reservoir is being readied for production in January 2017, and is expected to contribute c.3,000 bopd. 

The three Shiranish wells (TT-27x, TT-07z, and TT-16y) drilled in the 2016 campaign are currently producing a combined c.9,000 bopd. Discussions are ongoing between the Taq Taq partners over a potential workover of TT-07z. This well flowed on test at 5,000-9,000 bopd, although as a result of mechanical issues experienced during well completion activities TT-07z has recently been producing at 400 bopd. 

Genel's net working interest production from the Taq Taq and Tawke fields has averaged 53,500 bopd in 2016 to date.  

The updated Field Development Plan and the Competent Person's Report for Taq Taq are on track for completion in Q1 2017. 

Genel plans to issue a trading and operations update in respect of 2016 financial and operating performance and 2017 outlook on Tuesday 24 January 2017.


Genel EnergyOperations Update

More items from oilvoice


Evolution of the major oil company logos

BP In May 1908 a group of British geologists discovered a large amount of oil at Masjid-i-Suleiman in Mohammerah, today the Iranian province of Khuzestan. It was the first commercially significant find of oil in the Middle East. William Knox D'Arcy, by contract with the Emir of Mohammerah, Sheikh ...

OilVoice Press


Posted 10 hours agoOpinion > BPTexacoChevron +2

Amerisur Resources - Reserves & Resources Update

Amerisur Resources Plc ("Amerisur" or the "Company"), the oil and gas producer and explorer focused on South America (LSE: AMER), is pleased to announce an update to the certified reserves and resources for its production assets in Colombia.  Following receipt of an independent reserves report for ...

OilVoice Press


Posted 11 hours agoPress > Amerisur ResourcesReservesResources

Sound Energy - Tendrara: TE-8 - Completion of Drilling

  Sound Energy, the African and European focused upstream gas company, is pleased to announce that TE-8, the third well at the Company's Tendrara licence (onshore Morocco), has now been drilled to a final target depth at a measured depth ("MD") of 3,120 metres, corresponding to a vertical depth o ...

OilVoice Press


Posted 11 hours agoPress > Sound EnergyTendraraDrilling

Rockhopper - Commencement of international arbitration against Republic of Italy

  Rockhopper Exploration plc (AIM: RKH), the oil and gas company with key interests in the North Falkland Basin and the Greater Mediterranean region, announces that it has commenced international arbitration proceedings against the Republic of Italy in relation to the Ombrina Mare project.   ...

OilVoice Press


Posted 11 hours agoPress > Rockhopper ExplorationArbitrationItaly

Russia’s transparency hopes dashed with opaque deal: Fuel for Thought

When Russian authorities first announced they would privatize some major state-run assets several years ago, they cited improving the investment climate by increasing transparency and efficiencies among its main goals, but the deal to privatize Rosneft is unlikely to help meet them. In fact the ...

OilVoice Press


Posted 1 day agoOpinion > RussiaRosneft
All posts from oilvoice