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Genel Energy Posts $254.6 Mln Loss

By  AOG Staff Wednesday, 20 March 2019 03:36
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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.

(Photo: Genel Energy)
(Photo: Genel Energy)

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)

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