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million bpd in 1988, and production has since fallen largely because of the production decline of mature oil fields, limited lease availability, and high exploration and production costs. Oil and Natural Gas Wells by Production Rate report details state-level distributions of active production.
Genel has a strong balance sheet and our producing fields within the Tawke PSC form a world-class asset that delivers significant cash generation even when selling at heavily discounted domestic prices because of the suspension of exports. Production performance was further supported by an activewell intervention programme.
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