Ticker

Gulf Keystone Petroleum Limited (GUKYF) Q2 2026 Earnings Call Transcript

Gulf Keystone Petroleum LON: GKP reported a resilient first-half performance despite production disruptions tied to regional security conditions, with higher realized export prices and lower operating costs helping offset a prolonged shutdown at its Shaikan field.

Gulf Keystone Petroleum Limited (LSE:GKP) declared a $10 million interim dividend after restarting production and exports from its Shaikan Field in Kurdistan, with output now approaching 40,000 barrels of oil per day following two security-related shutdowns this year. Gross average production fell 67% to 14,600 bopd in the first half from 44,100 bopd a year earlier, after Shaikan was shut from late February until 23…

Gulf Keystone Petroleum Limited (LSE:GKP) said it has cut monthly cash burn by almost 50% as it keeps the Shaikan Field offline following a precautionary shut-in earlier this year. The Kurdistan-focused oil producer said Shaikan has remained offline since 28 February 2026 due to the regional security environment, though the company said it is ready to restart production and exports immediately once safe to do so.