Genel Energy Posts $254.6 Mln Loss

Wednesday, March 20, 2019

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)

Categories: Middle East

Related Stories

Marine Masters Secures Wellhead Platforms Installation Job Off India

SLB Names Raman CSO, CMO

Abu Dhabi's NMDC Group Gets $1.1B Subsea Gas Pipeline Job in Taiwan

Flare Gas Recovery Meets the Future

Offshore Service Vessels: What’s in Store in 2025

AI & Offshore Energy: The Higher the Stakes, the More Value AI Creates

Floating LNG Conversion Job Slips Out of Seatrium’s Hands

Sunda Energy Closing in on Jack-Up Deal for Chuditch-2 Appraisal Well

Valeura Boosts Production at Jasmine Field with Five New Wells Now Onstream

Keppel Reclaiming Control of 13 Rigs to Cash In on Offshore Drilling Market's Growth

Current News

Jadestone Submits Field Development Plan for Assets Off Vietnam

Woodside Inks Long-Term LNG Supply Deal with China Resources

CNOOC Starts Production at Two New Oil and Gas Projects

Argentina YPF to Shed Offshore Exploration Projects

Cairn India Might Invest in US Oil Servicing Firms to Increase Production

All Gas from Conrad’s Mako Field to be Sold to Indonesia’s PLN

ORE Catapult and Japan’s FLOWRA to Jointly Advance Floating Wind

Shell Hires Noble’s Drillship for Work in Southeast Asia

Second Hai Long Substation Heads to Project Site Offshore Taiwan

Shell Launches Next Phase of Malaysia's Deepwater Project with First Oil Production

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com