Gulf Keystone (GKP) says it has stabilized production at the giant Shaikan oil field, one of the largest discoveries in the Kurdish region, at 23,000 b/d and is on track to raise output to a targeted 40,000 b/d by the end of the year.

Work is ongoing on flowlines to connect three additional production wells later in the year, it adds. Output from Shaikan dipped to 9,000 b/d in August as a result of the crisis. (CONTINUED - 315 WORDS)