Genel Energy's Sarta-2 well enters production
Genel Energy
78.00p
16:40 08/11/24
-0.76%
-0.60p
Genel Energy said on Monday that the Sarta-2 well, in which it has a 30% working interest, has entered production, with gross field production now in excess of 10,000 barrels of oil per day.
Oil & Gas Producers
7,978.02
16:59 08/11/24
-1.55%
-125.50
The oil company said it expects this figure to increase from the existing two producing wells, "as optimisation of facilities configuration continues post production start-up".
The high-impact 2021 appraisal drilling campaign is on track to begin at the start of the second quarter, Genel said, with the Sarta-5 and Sarta-6 wells set to be drilled back to back.
The well is located at the Sarta field, which is in the Kurdistan Region of Iraq.