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About
Business Model and Strategy
Our purpose: GKP is a responsible energy company developing natural resources for the benefit of all our stakeholders, delivering social and economic benefits by working safely and sustainably with integrity and respect.
Business Model
Safe and reliable operations
The Company strives to be at the forefront of HSE best practice in the Kurdistan Region of Iraq, is proud of its safety track record and is committed to a continuous improvement culture.
Disciplined development of Shaikan Field
Prudent, disciplined and proactive management of capital expenditures and underlying cost base to drive profitable production growth from the Shaikan Field.
Deliver value to stakeholders
The Company is focused on conducting operations for the benefit of all stakeholders. Balancing investment in the Shaikan Field with shareholder returns remains a core focus.
Commitment to ESG
Through delivery of the Company’s sustainability strategy, Gulf Keystone is focused on enhancing the safety and sustainability of its business.
Strategy
Our strategy is to create value for all stakeholders by balancing investment in profitable production growth with sustainable shareholder returns, while maintaining a robust balance sheet and prudent liquidity levels.
Gulf Keystone’s strategic priorities are as follows:
Safety and sustainability
The Company is committed to high ESG standards with a focus on safety, the environment, our people and generating economic and social value for Kurdistan and our local communities, underpinned by strong corporate governance.
Value creation
Balance investment in profitable production growth with sustainable distributions to shareholders.
Capital discipline and cost focus
Prudent, disciplined and proactive management of capital expenditures and underlying cost base.
Robust financial position
Maintain a robust balance sheet and prudent liquidity levels to fund and execute strategy and to manage commodity cycle and operating in Kurdistan.