Gulf Keystone Petroleum CEO: Expects Shaikan Oilfield Gross Output To Rise To Over 90,000bpd From About 45,000bpd By 2030 If Drilling Commences Next Year
Merger With Shamaran Petroleum To Double Working Interest Production To 53K bpd Of Oil, Up From 28K bpd - Hamrin Oilfield In Iraq Estimated To Hold About 7B Barrels Of Oil In Place; 10%-15%, Or 0.5B-1B Barrels, Recoverable - Expects Other Opportunities In Iraq; Will Take Them On Merit