Commercial Production at Shaikan Oil Field Recommences

Gulf Keystone Petroleum Ltd., an independent exploration and production company, reported Thursday that, further to a communication received from the Ministry of Natural Resources of the Kurdistan Regional Government, commercial production from its Shaikan field in the Kurdistan Region of Iraq has recommenced.

As previously announced, the Company plans to ramp-up production from the first Shaikan production facility (Shaikan PF-1) to 20,000 barrels of oil per day (bopd), while completing the construction and commissioning of the second Shaikan production facility (Shaikan PF-2), which will add a further 20,000 bopd of production capacity.

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