Genesis still seen selling Kupe stake eventually

Genesis not seen as a long-term owner of Kupe field. (Image: Supplied)

Tue, 27 Jul 2021

Genesis Energy will eventually look to sell its stake in the Kupe in the next two or three years, a Forsyth Barr analysis said today.Last week, Genesis decided to keep its 46% stake in the Kupe field. This followed a review of the asset’s place in the company’s portfolio after it received some interest from would-be buyers.Forsyth Barr said Genesis had decided, for now, there was more value in keeping Kupe than what was being offered.“It always looked like a tricky sales process, but the strategic rationale for Genesis owning...

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