Tuesday, May 21, 2019

Genel Energy Posts $254.6 Mln Loss

March 20, 2019

(Photo: Genel Energy)

Iraqi Kurdistan-focused oil producer Genel Energy Plc posted a full-year operating loss of $254.6 million because of write-downs of about $424 million for its Miran PSC field assets.

The company also on Wednesday reported full-year production of 33,700 barrels of oil per day (bopd) for the period ended Dec. 31, compared with 35,200 bopd last year.


(Reporting by Sangameswaran S in Bengaluru; Editing by Bernard Orr)

Related News