Genel Energy controls huge reserves in the Kurdistan Region of Iraq, and is one of the largest independent oil producers on the LSE. Genel is set to be a cornerstone provider of gas to Turkey under the KRI-Turkey Gas Sales Agreement, and its strength is based on low-cost assets. Genel’s Taq Taq and Tawke fields alone have 2P (proved and profitable) reserves of over 550 Mbbls (million barrels). The gas reserves are set to boost the economy of the Kurdistan region, and the board and management team have long-standing relationships with key stakeholders. The company aims to bring a positive and sustainable benefit to the region, and the BV judging panel feels that Genel deserves the award for Best Exploration and Production Company (Middle East).
