Genel Energy has released its Q1 2025 trading and operations update, focusing on its activities in the Kurdistan Region of Iraq. The company reported a significant rise in production from its Tawke license, reflecting a healthy start to the year.
The Genel Energy Q1 2025 update shows gross production at 82,081 barrels of oil per day (bopd). This marks an increase from the previous quarter’s 74,140 bopd.
The rise in production demonstrates Genel Energy’s successful operational efforts in the region, ensuring consistent output despite challenges.
The company’s working interest production also saw a boost. It reached 20,520 bopd, highlighting the ongoing positive trend in the company’s Kurdistan operations.
This increase aligns with Genel Energy’s strategy to enhance output and maintain operational efficiency. It also reflects the company’s commitment to expanding its presence in the region while balancing sustainable practices.
The Kurdistan Region of Iraq has been a key area for Genel Energy, contributing significantly to its overall performance. The company has been focusing on maintaining stable and increased production levels from its licenses in the area.
This is essential for ensuring that Genel Energy remains competitive in the market. The Genel Energy Q1 2025 updatesignals that these efforts are paying off, and the company is on track to meet its production targets.
In addition to the increase in production, Genel Energy continues to prioritize operational safety and environmental standards. The company ensures its activities comply with local regulations and contribute to the region’s economic development.
This focus on safety and sustainability helps Genel Energy build stronger relationships with local authorities and communities.
Overall, the Q1 2025 update reflects a strong performance from Genel Energy in Iraq. The increase in production from the Tawke license offers a positive outlook for the company’s future operations in the region.
Moving forward, Genel Energy will continue its focus on maximizing production while maintaining its commitment to operational safety and environmental responsibility.
As a final point, the company remains focused on further developing its assets and ensuring long-term success in the region.
