Gulf Keystone Petroleum Updates on Operations and Financials

Gulf Keystone Petroleum Ltd, an independent operator in Kurdistan, has released its latest operational and corporate update. The company reported strong local sales since December 2024, with a 2025 year-to-date gross average production of approximately 47,900 barrels of oil per day (bopd). This robust demand may support a yearly production target between 40,000 to 45,000 bopd. Gulf Keystone continues discussions with government officials to resume exports via the Iraq-Turkey Pipeline.

In 2024, the company achieved zero Lost Time Incidents, emphasizing its dedication to safety, and saw an 86% production increase compared to 2023. Financially, Gulf Keystone's revenue rose to $151 million, marking a 22% increase from the previous year. The firm maintained a rigorous cost discipline with net capex aligned to its $18 million guidance and restarted shareholder distributions totaling $45 million.