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Strategy & Vision

Ours is a constant evolution

Gulf Keystone has an excellent track record of demonstrated drilling and operating successes in the Kurdistan region of Iraq.

Our strategy is to move to the large-scale staged development of the Shaikan field. The phased development approach to the implementation of the Shaikan Field Development Plan will enable us to achieve a significant ramp up of production, whilst ensuring the Company retains flexibility in the development of this large field and brings us closer to the goal of fully financing our operating and development activities from production cash flows.

Our success in the region to date is underpinned by the high-calibre team we have in place, long standing relationships on the ground with the Ministry of Natural Resources of the Kurdistan Regional Government and transparency with surrounding communities and businesses in the areas in which we operate.

Near-Term Company Strategy

  • Maintain production from Shaikan production facilities at 40,000 bopd, with a view to increasing to 55,000 bopd, and further beyond
  • Establish the Company as one of the major independent exploration and production players listed on the Main Market of the London Stock Exchange
  • Continue to achieve safe and reliable operations
  • Achieve commercial and contractual clarity to make further investments to grow production capacity to 55,000 bopd and further beyond
  • Effective stakeholder engagement
  • Maintain a strong and highly experienced management team, ably supported by an effective Board
  • Continue to prudently manage cost base

 Strategic Priorities

  • Continue to achieve safe and reliable operations
  • Achieve commercial and contractual clarity to make further investments to grow production capacity to 55,000 bopd and further beyond
  • Effective stakeholder engagement
  • Maintain a strong and highly experienced management team, ably supported by an effective Board
  • Continue to prudently manage cost base