Update on Shaikan Field operations

Summary by AI BETAClose X

Gulf Keystone Petroleum has announced a significant operational update, reporting that gross production volumes at the Shaikan Field have successfully ramped up to over 43,000 barrels of oil per day following the restart of operations on June 24, 2026. The company is actively working to bring additional production online in the coming weeks and is engaged in constructive discussions for long-term export agreements to achieve sustainable export sales at international prices. Gulf Keystone is maintaining strict cost controls and continuing dialogue with the Kurdistan Ministry of Natural Resources regarding a revised Shaikan Field Development Plan, while closely monitoring the regional security environment.

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