20 October 2026
Gulf Keystone Petroleum Ltd. (LSE & OSE: GKP)
("Gulf Keystone", "GKP", "the Group" or "the Company")
Operational & Corporate Update
Gulf Keystone, a leading independent operator and producer in the Kurdistan
Region of Iraq ("Kurdistan"), today provides the following operational &
corporate update.
* Production and export operations continue with full well capacity of
approximately 45,000 bopd
* As previously reported, a maiden top-up cargo was recently lifted following
the allocation of additional barrels by Iraq's State Oil Marketing
Organisation ("SOMO") to reconcile a portion of Q4 2025 export sales to
international prices
* The Company continues to prepare for a return to drilling and field
development in 2027 while progressing the installation of water handling
facilities at PF-2 to unlock incremental production. Due to supply chain
constraints, the Company now expects the water handling project to start-up
in Q2 2027
* The Company's balance sheet is currently debt-free, with cash of $48.2
million as at 19 October 2026
* Separately, GKP and ShaMaran Petroleum have today announced that they have
agreed to merge to create a leading independent oil producer focused on the
Kurdistan Region of Iraq and Federal Iraq
Enquiries:
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| Gulf Keystone: | +44 (0) 20 7514 1400 |
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| Aaron Clark, Head of Investor Relations | aclark@gulfkeystone.com |
| & Corporate Communications | |
| | |
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or visit: www.gulfkeystone.com (http://www.gulfkeystone.com/)
Notes to Editors:
Gulf Keystone Petroleum Ltd. (LSE & OSE: GKP) is a leading independent
operator and producer in the Kurdistan Region of Iraq. Further information on
Gulf Keystone is available on its website www.gulfkeystone.com
(http://www.gulfkeystone.com/)
ite www.gulfkeystone.com\
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