Genel Energy PLC receives October oil payments
In a statement, Genel noted that the Tawke partners received US$32.8mln gross for oil sales made in October which sees the company’s net share at US$8.1mln.
READ: Genel celebrates ‘first oil’ at Sarta field
The Taq Taq field partners received US$4mln, giving Genel US$2.2mln net.
Genel’s production base was boosted in November with ‘first oil’ at the Sarta field, where the company has a 30% stake alongside Chevron.
One well was connected to the Sarta early production facility, and, a second well is slated to be hooked up this month before coming online in January.
Genel recently said it expects the Sarta field will achieve stable production levels during the first quarter of 2021.
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is…
In exchange for publishing services rendered by the Company on behalf of Genel Energy PLC named herein, including the promotion by the Company of Genel Energy PLC in any Content on the Site, the Company receives from…
Read More: Genel Energy PLC receives October oil payments
2020-12-01 02:53:00