Committed to safe and sustainable production for the benefit of all stakeholders.
Delivering value to shareholders
Generating value through low‑cost production, alongside material production growth and capital returns to shareholders, as appropriate.
The Shaikan Field has a substantial resource base with significant long‑term development potential.
Near-term production uplift
55,000 bopd investment programme resumed, with drilling operations expected to start in Q3 2021 and increase in gross production towards 55,000 bopd expected to occur in Q1 2022.
Robust balance sheet
Strong cash position of $161 million, as at 30 March 2021, with a strong focus on preserving liquidity.
Execution track record
In unprecedented conditions, delivered record average annual production in 2020, while achieving capital expenditure, Opex and G&A guidance.
Organisation built to deliver
Strong Board and senior management leading a talented workforce.
Kurdistan Region of Iraq remains stable
A safe and secure operating environment.