Genel Energy plc Overview
Pro stress-test →Genel Energy plc is a publicly listed exploration and production oil company on the London Stock Exchange. 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. Its strategy comprises three objectives designed to build a business with resilient and diversified cash flows that delivers sustainable value to shareholders, and aims to restart regular dividend payments.
Strategic Profile
Pro stress-test →Over 20 years, Genel has invested $3.5 billion in the Kurdistan Region. The company is well positioned with a reshaped and resilient business and a strong balance sheet. The re-opening of the pipeline has the potential to more than double cash generation, with recent export agreements from Iraqi Kurdistan creating significant upside potential.
Competitive Landscape
Pro stress-test →As one of the largest London-listed independent hydrocarbon producers, Genel competes with peers like DNO, Gulf Keystone Petroleum, and Tullow Oil for upstream assets in the Middle East and Africa. Genel's focus on low-cost, low-carbon production in Kurdistan and exploration acreage in Somaliland and Morocco differentiates its portfolio.
Industry Context
Genel Energy plc operates in Oil & Gas Exploration and Production.
Key facts
Founded: 2002 · Headquarters: London, UK · Employees: N/A · Revenue: N/A · Market cap: £163.6m