E&P Genel set to write down value of Sarta field 13/12/2022 By Ed Reed Genel Energy has said its Sarta field, in Kurdistan, has fallen short of expectations and the company will need to impair the asset’s value.
E&P Sarta well disappoints for Genel 10/05/2022 By Ed Reed Genel Energy has completed the Sarta-5 appraisal well but reservoirs appear tight and it failed to flow.
E&P Chevron reaches first oil at Sarta 26/11/2020 By Ed Reed Chevron has reached first oil at the Sarta field, in Kurdistan, from an early production facility.
Middle East Genel takes losses but posts dividend 06/08/2020 By Ed Reed Genel Energy reported an operating loss of $340 million for the first half of the year, but still generated $6.5mn of free cash flow.
Middle East Genel cuts capex 50% 14/05/2020 By Ed Reed Genel Energy has cut capital expenditure to just over $100 million for 2020, while operating expenditure will be reduced by 10% to around $40mn.
