Gulf Keystone Petroleum Ltd 2014 AR2
The report highlights Gulf Keystone Petroleum's operational transition from explorer to producer in 2014, achieving a production target of 40,000 barrels of oil per day from the Shaikan field in the Kurdistan Region of Iraq. The company commenced its first crude oil export sales, producing nearly 6.5 million barrels of oil during the year. Despite geopolitical challenges and falling oil prices, the company maintained near-uninterrupted operations and supported local humanitarian efforts. Financially, the company reported a net loss of $248.2 million, impacted by a $144.1 million impairment on the non-core Akri-Bijeel block.
Company: Gulf Keystone Petroleum Ltd
Sector: Mining & quarrying
Country: Bermuda
Year: 2014
Type: AR2
Pages: 118
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Gulf Keystone Petroleum Ltd
Annual Report And Accounts
The report highlights Gulf Keystone Petroleum's operational transition from explorer to producer in 2014, achieving a production target of 40,000 barrels of oil per day from the Shaikan field in the Kurdistan Region of Iraq. The company commenced its first crude oil export sales, producing nearly 6.5 million barrels of oil during the year. Despite geopolitical challenges and falling oil prices, the company maintained near-uninterrupted operations and supported local humanitarian efforts. Financially, the company reported a net loss of $248.2 million, impacted by a $144.1 million impairment on the non-core Akri-Bijeel block.
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Document Details
Report Year
2014
Reporting Period
Jan 1, 2014 - Dec 31, 2014
Fiscal Year
2014
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees