Gulf Keystone’s chief executive today hailed the performance of the Shaikan Field.
It comes as the Kurdistan Regional Government confirmed a gross payment of $15million has been authorized for Shaikan crude exports for April 2017.
Gulf Keystone is the biggest independent operator and producer in the Kurdistan Region of Iraq and the operator of the Shaikan field with current production capacity of 40,000 barrels of oil per day.
Chief executive Jón Ferrier said: “Safe and reliable operations remains a strategic priority and we continue to be strongly encouraged by the stable performance of the Shaikan Field during 2017. I am also pleased to report that GKP recently achieved two years with no Lost-time-incidents, a testament to the quality of our field operations.”
On August 8th, cumulative production from the Shaikan field reached 40 million barrels. It currently has an average daily production of 36,671 barrels of oil per day during the first half of 2017.
Gulf Keystone said it was on track to achieve its previous gross production guidance of between 32,000 – 38,000 bopd for the full year