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The operational performance delivered from the Tawke and Peshkabir fields, together with the significant cost efficiency, continues to set these fields apart from others in the region.
Results summary ($ million unless stated) 2024 2023 Average Brent oil price ($/bbl) 81 82 Average realised price per barrel 35 47 Production (bopd, working interest) 19,650 12,410 Revenue 74.7 Tawke production currently realises only around $35/bbl, which is well below relevant reference benchmark oil prices. EBITDAX1 1.1
production increased versus the prior year, due to: Increased output from existing fields Higher ownership from new transactions in U.S. Production Breakdown: Oil volumes: 78,675 Bbl/day (58% of total production), up 12.1% YoY Natural gas: 337,706 Mcf/day, up 14% YoY Net wells turned in-line: 27.3 TWh , the same as Q1 2024.
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