Gulf Keystone Petroleum Limited
GKP.L
London Stock Exchange176.20
GBp
+0.40
- -
Gulf Keystone Petroleum Limited
GKP.L
(London Stock Exchange)
Recent
price
176.20
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Gulf Keystone Petroleum Limited (GKP.L) operates as an independent oil and gas exploration and production company focused on the Kurdistan Region of Iraq; it holds an 80% working interest in and operates the Shaikan Field production sharing contract with the Kurdistan Regional Government. The company produces oil from the Jurassic reservoir via two production facilities, PF-1 and PF-2, with a combined processing capacity of approximately 60,000 barrels of oil per day (bopd) and capabilities for pipeline and truck exports; cumulative production exceeds 145 million stock tank barrels (MMstb) as of August 2025, supported by 18 production wells across multiple formations including Jurassic, Triassic and Cretaceous with gross 2P reserves estimated at 443 MMstb as of December 2024. Gulf Keystone provides associated management, geological, geophysical and engineering services; it targets low-cost production at around $4.2 per barrel operating costs in the first half of 2025 and balances production growth with shareholder returns through dividends, including a $25 million interim dividend in the first half of 2025. Founded in 2001 and headquartered in Hamilton, Bermuda, with offices in Erbil, Kurdistan Region of Iraq, and London, UK, the company listed on the London Stock Exchange's Main Market in 2004 and generates revenue primarily from Shaikan oil sales to local and international markets. In recent developments, Gulf Keystone signed agreements in September 2025 with the Kurdistan Regional Government and the Federal Government of Iraq, alongside other international oil companies, enabling the restart of Kurdistan crude exports via the Iraq-Türkiye Pipeline, with Shaikan pipeline exports resuming shortly thereafter; production operations restarted at Shaikan following a prior suspension, achieving gross average production of 44,100 bopd in the first half of 2025 and 40,689 bopd in 2024. The company completed a workover program in the first quarter of 2025 to support ongoing production growth from its long-life asset, while maintaining a robust balance sheet with $105.7 million in cash as of August 2025 and over 950 days without lost time incidents.