London-listed Gulf Keystone, which operates the 36,000 b/d Shaikan field in Iraqi Kurdistan, is still waiting to resume its 55,000 b/d expansion project, the firm confirmed in its 1H earnings call this week.
“While waiting to resume the 55,000 b/d project, the company has identified a number of simple, low-cost, high-impact investments that have the potential to increase the current base level of gross production by approximately 5,000 b/d in the near term,” it says. (CONTINUED - 165 WORDS)