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Gulf Keystone meets 2025 production target, resumes exports, pays dividends, and explores listing.
Gulf Keystone is on track to meet its 2025 production target of 40,000–42,000 barrels per day, averaging 41,400 bopd through December 8 and reaching 44,000 bopd in early December.
The company resumed exports from Iraq’s Shaikan field in September after a 2.5-year halt, receiving its first export payment in November under interim agreements with average realized prices around $30/bbl.
It returned $50 million to shareholders via dividends and maintained a $75 million cash balance.
A consultant is reviewing contractual costs, with full PSC entitlement at international prices expected after the review.
The company confirmed 2025 financial guidance and is assessing a potential listing on Euronext Growth Oslo.
Meanwhile, Iraq is negotiating with Chevron over investments in the Nasiriyah and West Qurna-2 fields, aiming to boost production, develop refining and petrochemical capacity, and strengthen environmental and social outcomes through international partnerships.
Gulf Keystone cumple con el objetivo de producción de 2025, reanuda las exportaciones, paga dividendos y explora la cotización.