Tony Hayward
,Executive Director & CEO,Genel Energy
Appointed as Executive Director and CEO in 2011, Hayward oversees the day-to-day operations of Genel Energy – the largest producer and holder of reserves and resources in the Kurdistan Region of Iraq, with production of 69,000 bopd in 2014, a 58% increase year on year, and net 2P reserves of 429 mmboe.
In November last year, the company announced an agreement with the Kurdistan Regional Government to develop development the Miran and Bina Bawi gas fields, while also agreeing terms to acquire its 36% operated stake in the Bina in a deal worth $150mn.
Genel Energy announced 2014 production of 69,000 boepd, an increase of 58% year-on-year with significant further growth expected in 2015.
“Our robust balance sheet, coupled with rising onshore oil production amongst the lowest cost in the world, and the significant financial flexibility in the portfolio, leaves us well positioned to continue to grow even in a period of sustained low oil prices,” said Hayward.
