Genel Energy PLC - oil producer in Iraq - Says the Sarta-2 well has entered production at the Sarta field in Kurdistan region of northern Iraq, where Genel has 30% working interest. Genel says gross field production is now in excess of 10,000 barrels of oil per day. Genel expects this figure to increase from the existing two producing wells, as optimisation of facilities configuration continues post production start-up.
In addition, the company says the high-impact 2021 appraisal drilling campaign is on track to begin at the start of the second quarter, with the Sarta-5 and Sarta-6 wells set to be drilled back to back.
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By Evelina Grecenko; evelinagrecenko@alliancenews.com
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Genel Energy (GENL)