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Gulf Keystone Receives $14 Million Payment from KRG

Payment received for sales of February's oil production

UK listed operator Gulf Keystone Petroleum Ltd have announced that they have received a payment of $14.6 million gross from the Kurdistan Regional Government.

The payment relates to February oil sales from the Shaikan oil field it operates in the region. 

The Shaikan oil field is currently producing approximately 32,000 barrels per day, with a development plan in place to increase production to 55,000 bpd over the next few years.

Source: GKP


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