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.
Shaikan
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.
Gulf Keystone relaunches expansion programme
Gulf Keystone Petroleum has restarted its 55,000 barrel per day investment programme, with MOL, in Kurdistan.
GKP appoints new CEO
Gulf Keystone Petroleum (GKP) has appointed a new CEO, Jon Harris, who will replace Jón Ferrier.
GKP cuts workforce 40%
Gulf Keystone Petroleum (GKP) intends to cut 30% of costs this year, including a workforce reduction of 40%.
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.
KRG pays out to Gulf Keystone and Genel
The Kurdistan Regional Government (KRG) has paid out for the Shaikan crude oil experts.
Gulf Keystone Petroleum makes $112m in payments
Gulf Keystone Petroleum made $112million worth of payments to government last year.
Gulf Keystone confirms $7.5million Shaikan payment
Gulf Keystone has received $7.5million from the Kurdistan Regional Government (KRG) for Shaikan crude oil exports in February 2016.
Gulf Keystone aims to spread net to boost leadership team
Gulf Keystone is to hold a special meeting next month which aims lift current rules that restrict the company to appointing UK-based directors only.
Gulf Keystone gets $12million for Shaikan crude exports
Gulf Keystone, which operates the world class Shaikan field in the Kurdistan Region of Iraq, has received a payment of $15 million (US$12 million net to Gulf Keystone) for crude oil exports.
Gulf Keystone passes landmark 15 million barrels of oil in Iraq
Gulf Keystone said production from the Shaikan field in the Kurdistan region of Iraq has now surpassed 15 million barrels.
Gulf Keystone boosted by strong revenue and production results
Gulf Keystone has posted strong results as its revenues increased by 61% from $18.7million to $30.1million from the same time last year. The company revealed its losses after tax were also down from $248.2million to $77.7million. Gulf Keystone said it had strong production performance from its Shaikan operations in the Kurdistan Region of Iraq where it acts as operator with a 75% working interest.
Gulf Keystone’s Shaikan field yields positive returns
Shaikan