RE: Sp...16 Aug 2018 10:23
Malcy’s blog....
Genel Energy
More good news from Genel today as they report that DNO has set a new Peshkabir production target of 50,000 bopd by the year end and the programme has raised the previous field 1P and 2P reserve estimates. Peshkabir 6 and 7 completed in August and are about to undergo rigless testing lasting several weeks. This will be followed by P-8 which spuds in ten days and P-9 in October.
Development drilling at the Tawke field is set to resume shortly where the work over programme has stabilised production at above 85,000 bopd. All in all this makes Genel look very strong right now, Peshkabir is delivering in spades, Tawke is on the mend and the oil and gas at Bina Bawi and Miran provide significant scope for medium and long term upside.