Gulf Keystone Petroleum Ltd (LON:GKP)Energy
Founded in 2002, Gulf Keystone Petroleum is a holding company, engaged in Oil and Gas exploration and production mainly in the Kurdistan region of Iraq that is one of the largest developments. It aims to increase the production capacity at Shaikan, to maintain the healthy financial position and ensure safety in operations to create long term high value for its stakeholders. It is actively working on revised field development plan with MOL Hungarian Oil & Gas Plc (MOL) and Ministry of Natural Resources (MNR), which will be submitted in due course. The company creates value for its shareholders through the staged development of Shaikan field in Iraq to deliver balanced production growth and return. The company’s shares are traded on the main market of the London Stock Exchange since 2004 as LON: GKP.
The company operated principally in the Shaikan field in Kurdistan region of Iraq, covering an area of 280 sq km. it has production sharing agreement with the KRG and has 80% working interest in the Shaikan license. It is one of the largest oil discoveries by reserves and production and the company currently working on a field development plan with aim of capitalizing on this notable growth potential. The UK operations offer geophysical, geological, corporate and engineering services to the company.
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