Gulf Keystone Petroleum has restarted its 55,000 barrel per day investment programme, with MOL, in Kurdistan.
Gulf Keystone Petroleum (GKP) has appointed a new CEO, Jon Harris, who will replace Jón Ferrier.
Gulf Keystone Petroleum (GKP) intends to cut 30% of costs this year, including a workforce reduction of 40%.
Gulf Keystone Petroleum does still intend to increase production to 55,000 barrels per day in Kurdistan but this is dependent on conditions improving, including the resolution of outstanding payments from the local government.
Gulf Keystone Petroleum has taken steps to shore up its financial position, with a knock-on impact to its predicted 2020 production.