Genel Energy plc is publicly listed exploration and production oil company, listed on the
London Stock Exchange
The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...
. The company owns an interest in the Tawke production sharing contract in the
Kurdistan Region of Iraq, as well as licences in Somaliland, Morocco and Oman. The Company has offices in London, Istanbul, Erbil and Hargeisa, and the registered office of the parent company is in
Jersey
Jersey ( ; ), officially the Bailiwick of Jersey, is an autonomous and self-governing island territory of the British Islands. Although as a British Crown Dependency it is not a sovereign state, it has its own distinguishing civil and gov ...
.
History
Genel Energy signed its first production sharing contract, as a private company, for the Taq Taq field in the Kurdistan Region of Iraq, in 2002 and from then on expanded its footprint in the region, notably adding an interest in the Tawke production sharing contract in 2009. In 2011, Genel Energy plc was listed on the London Stock Exchange as a result of a merger with the investment vehicle Vallares Plc.
In 2012, Genel established its presence in Africa through acquisition of interests in
Somaliland
Somaliland, officially the Republic of Somaliland, is an List of states with limited recognition, unrecognised country in the Horn of Africa. It is located in the southern coast of the Gulf of Aden and bordered by Djibouti to the northwest, E ...
and
Morocco
Morocco, officially the Kingdom of Morocco, is a country in the Maghreb region of North Africa. It has coastlines on the Mediterranean Sea to the north and the Atlantic Ocean to the west, and has land borders with Algeria to Algeria–Morocc ...
. Genel extended its global footprint in March 2025 by signing agreements to enter into an Exploration and Production Sharing Agreement for Block 54 in the
Sultanate of Oman, with a 40% working interest, as non-operator.
Operations
Genel’s portfolio comprises production in the Kurdistan Region of Iraq and exploration assets in Oman, Morocco and Somaliland.
Kurdistan Region of Iraq
Genel has been operating in the Kurdistan Region of Iraq since 2002, and production from Genel’s fields has been integral in the development of the KRI oil industry. Current production is met through Genel’s 25% working interest in the Tawke licence, where
DNO is the operator.
Somaliland
Genel has maintained a presence in Somaliland since 2012 through acquisition of exploration assets; initially the SL10B13 licence and later, in 2013, adding the Odewayne licence.
Morocco
In 2012 Genel acquired a 75% working interest as operator at the off-shore Lagziria block.
Oman
In March 2025 Genel announced the signing of agreements to enter into Block 54 Exploration and Production Sharing Agreement, in partnership with OQ Exploration & Production SAOG (“OQEP”).
References
External links
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{{Rothschilds
Oil and gas companies of the United Kingdom
Oil and gas companies of Turkey
Economy of Kurdistan Region (Iraq)