Gulf Keystone seeks local buyers
Gulf Keystone had previously trucked Shaikan crude to the Turkish border, for onward transport via pipeline to Ceyhan in 2015. It ended trucking in 2019.
Gulf Keystone Petroleum
Gulf Keystone halves capex on Kurdistan export woes
The region owes Gulf Keystone $102mn, for supplies from October 2022 to January 2023. Kurdistan paid $66mn for August and September 2022 sales.
Kurdistan operators confirm shutdown on Iraq-Turkey ruling
Iraq’s Ministry of Oil has said it would discuss how to export “Iraqi oil through the Turkish port of Ceyhan” with the authorities in Kurdistan and Turkey.
Gulf Keystone accelerates cash generation, adds another well
Gulf Keystone Petroleum has benefited from increased payments from Kurdistan this year and adding the drilling of another well to its plans.
Gulf Keystone dials down production hopes in 2022
Gulf Keystone Petroleum has declared an additional dividend but warned that production will not grow as much as expected in 2022.
Kurdistan to cut payments to producers
Kurdistan has told producers that it is cutting payments for oil production, in light of continued pressure from COVID-19.
Gulf Keystone relaunches expansion programme
Gulf Keystone Petroleum has restarted its 55,000 barrel per day investment programme, with MOL, in Kurdistan.
Gulf Keystone waits for conditions to improve
Gulf Keystone Petroleum does still intend to increase production to 55,000 barrels per day in Kurdistan but this is dependent on conditions improving, including the resolution of outstanding payments from the local government.
Gulf Keystone puts the brakes on
Gulf Keystone Petroleum has taken steps to shore up its financial position, with a knock-on impact to its predicted 2020 production.
Gulf Keystone gets $15million from Kurdistan Government
The largest operator in the Kurdistan Region of Iraq, Gulf Keystone Petroleum Ltd, is to receive a $15million pay out from the Kurdistan Regional Government (KRG).
Gulf Keystone in £9.5m pay day in Kurdistan
Gulf Keystone Petroleum (GKP) said today that it had banked a £9.5million payment from Kurdistan.
Gulf Keystone narrows losses thanks to ‘safe and secure’ 2016
Gulf Keystone Petroleum (GKP) narrowed its losses in 2016 after enjoying a year of “safe and secure operations” in its stomping ground of Kurdistan.
Gulf Keystone says debt restructuring plans still on track
Shares in Gulf Keystone Petroleum (GKP) edged up by 3% on the London exchange this morning after the company revealed a large jump in revenues in the first half of 2016.
Gulf Keystone Petroleum makes $112m in payments
Gulf Keystone Petroleum made $112million worth of payments to government last year.
Gulf Keystone Petroleum offers shares to raise $25m
Gulf Keystone Petroleum said it has launched a new open offer as it looks to raise up to $25million.
Gulf Keystone Petroleum gets $15million crude oil payment
Gulf Keystone Petroleum said it has received a gross payment of $15million from the Kurdistan Regional Government for Shaikan crude oil export sales in June.
Gulf Keystone’s Shaikan field yields positive returns
Shaikan
Non-executive chairman to retire from the board of directors of Gulf Keystone
A Gulf Keystone Petroleum non-executive chairman is set to retire from the board of directors. Simon Murray will step down, with Andrew Simon, senior independent director assuming the role on an interim basis. A search process for a new non-executive chairman will now begin.
Gulf Keystone Petroleum appoints new CFO
Gulf Keystone Petroleum has appointed a new chief financial officer. The company said Sami Zouari has been appointed to the board of the company following careers in both oil and gas and investment banking. Mr Zouari previously worked for BNP Paribas and Total EP, including as a commercial manager in Libya.