The founding of Gulf Keystone Petroleum Ltd dates back to 2001. Its founders were UAE, Kuwaiti, and US private equity. It was incorporated in Bermuda London, England, and its main purpose was to discover what more the oil and gas industry had to offer.
The company did not pick on a successful road with its operations as it had hoped. However, an alteration on its strategy alongside acquisitions gave it a new opportunity to become what it is today. It operates in the Kurdistan region of Iraq as an exploration and production company.
Gulf Keystone Petroleum Ltd owns four exploration blocks. Its production capacity stands at 40,000 barrels of oil per day. Plans are underway to have this increased to 55,000 bopd.
The company’s vision is to embrace a large-scale staged development. One of the key elements of its success is being able to maintain long-standing relationships with the Ministry of Natural Resources. Meanwhile, its listing is one of the LSE markets.