Kurdish oil player sees steady production course ahead

15 Aug 2017   Iraq

Gulf Keystone Petroleum sees its legacy embedded in the Kurdish north of Iraq with 40 million barrels of production. Photo courtesy Gulf Keystone Petroleum Aug. 14 (UPI) — Production from the semi-autonomous Kurdish region of northern Iraq remains at the high-end of expectations for the year, a company said. Gulf Keystone Petroleum operates the Shaikan oil field in Kurdish northern Iraq. The company said Monday it was notified by the government of a gross payment of $15 million for oil exported from the field in April. Gulf Keystone reported total average gross production for 2016 at 34,794 barrels of oil per day, at the upper range of its guidance for the year. The company said the field is performing as expected as output should average about 36,671 barrels of oil per day for the first half of the year. The company said it expects gross production for the year […]

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