![Shaikan declared commercial](https://www.energyvoice.com/wp-content/themes/blocks-theme/assets/images/backgrounds/placeholder.png)
Gulf Keystone has submitted a declaration of commercial discovery and intends to submit a development plan within six months to the Kurdish authorities in what is currently northern Iran.
Shaikan is reported to contain gross oil-in-place reserves of 8-13.4billion and currently ranks as the largest oil discovery anywhere of recent times.