Genel posts profit growth for H1 despite oil production decline

Genel Energy has posted an operating profit of $14.2 million for the first half of 2017 after reporting a $3.8 million loss for the same period last year.
By Staff reporter 1 August 2017 0 27006

Genel Energy has posted an operating profit of $14.2 million for the first half of 2017 after reporting a $3.8 million loss for the same period last year.

However, it averaged only 37,100 barrels per day of oil production in H1 2017, down from 56,400 b/d in H1 2016.

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