Genel sees 'encouraging' results from Tawke Field

Genel Energy, the Iraq-focused oil giant led by ex-BP frontman Tony Hayward, announced that the a well in the Tawke Field, of which it owns a quarter, was successfully completed and tested by operator DNO International.

Genel Energy, the Iraq-focused oil giant led by ex-BP frontman Tony Hayward, announced that the a well in the Tawke Field, of which it owns a quarter, was successfully completed and tested by operator DNO International.

The Tawke-16 well, located in the Kurdistan Region, flowed at a cumulative rate in excess of 25,000 barrels per day of 26-27 API gravity oil. Based on initial results, Tawke-16 is likely to be the "most prolific" well drilled so far in the field, DNO said.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.