GKP - GULF KEYSTONE PETROLEUM - Share Chat

Gulf Keystone Petroleum Ltd (GKP) is an independent oil and gas exploration and production company, primarily focused on the Kurdistan Region of Iraq. Its core asset is an 80% working interest in the substantial Shaikan Field, a prolific producing oil field.

GKP’s operational and financial performance is significantly influenced by the geopolitical and logistical complexities of the region. The company has historically faced challenges regarding consistent export routes and the timely receipt of payments from the Kurdistan Regional Government (KRG) for crude oil sales. Recent prolonged closures of the Iraq-Turkey pipeline have necessitated a shift to local market sales, often at discounted rates, impacting profitability and cash flow.

GKP is currently focused on managing production and costs, while actively seeking a resolution to export disruptions and the regularisation of payments, which are crucial for future investment and the full realisation of Shaikan’s potential.