Gulf Keystone Secures Funding For Shaikan Development


Upstream independent Gulf Keystone (GK) has secured financing for the Shaikan oil field development in Iraqi Kurdistan through a $250mn debt issue. Shaikan is now on target to attain production of 40,000 b/d.

The debt issue, announced by the company in a regulatory filing, is valid for three years from 17 April and will be used to finance the continued development of the Shaikan field, finance required cash...