Gulf Keystone Petroleum, an operator in the Kurdish north of Iraq, said in a regular update to shareholders it’s “primed for future development.” Gulf Keystone said the average production from its flagship Shaikan oil field in the Kurdish north of Iraq was 34,749 barrels per day, at the upper end of its guidance. Production during the first quarter averaged 36,293 bpd. The company, which has headquarters in London, was the target of an unsolicited takeover from rival Iraqi player DNO, a Norwegian oil company. In 2015, Gulf Keystone mulled possible partnerships, but emerged last year with an agreement with the majority of its creditors and shareholders to restructure its debt obligations CEO Jon Ferrier said the company is […]