Genesis says Kupe production to decline

Thu, 01 Aug 2019

By Gavin Evans Aug. 2 (BusinessDesk) - Genesis Energy says production from the Kupe gas field it part owns has come off its peak and will likely decline steadily until a new compression project is completed in mid-2021. Kupe is the country’s fourth-largest gas field and produced about 24.6 petajoules in 2018. Genesis owns 46 percent of the offshore field and buys all its gas for use in its power stations and sales to customers. The company, also the country’s biggest power and gas retailer, says the decline is in line with reservoir mo...

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