Genel Energy is a London‐based oil and gas exploration and production company with a focus on upstream operations in the Kurdistan Region of Iraq and offshore West Africa. Established in 2011 following a demerger from the Vallares investment vehicle, Genel holds significant equity interests in producing assets such as the Taq Taq and Tawke fields, along with development opportunities at Peshkabir and Bina Bawi. The company combines long‐life production with ongoing drilling campaigns and seismic programs to sustain and grow its resource base.
In addition to its core Kurdistan portfolio, Genel Energy has pursued exploration licenses across frontier basins in Morocco, Namibia, Guinea‐Bissau and Somaliland. These ventures are structured through partnerships with national oil companies and international industry players, underscoring Genel’s strategy of leveraging technical expertise and regional knowledge to de‐risk prospects and advance early‐stage offshore assets toward drilling readiness.
Since its initial public listing on the London Stock Exchange in July 2011, Genel Energy has raised capital through a combination of equity, bonds and farm‐out agreements to fund development programs and exploration budgets. The company’s track record includes the first independent operator‐led discoveries in Iraqi Kurdistan and a longstanding relationship with the Kurdistan Regional Government, as well as collaboration agreements with major international oil companies for exploration and appraisal work in West Africa.
Genel Energy is governed by a board chaired by Lord (Tony) Hayward, former chief executive of BP, and supported by an executive team with decades of upstream experience. The leadership team emphasizes operational efficiency, cost management and adherence to international health, safety and environmental standards as it seeks to deliver sustainable growth for stakeholders in both established and emerging hydrocarbon provinces.
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