Middle East Economic Survey


No 32



Gulf Keystone Announces Significant Oil Strike In Kurdistans Shaikan Block

AIM-listed independent Gulf Keystone Petroleum announced on 6 August that it has made has made a significant discovery with the Shaikan-1 exploration well in the Kurdistan region of Northern Iraq. The well is located in the Shaikan Block near the city of Dihok, approximately 85km northwest of Irbil. The well encountered oil in the Sargelu formation at a depth of...