Gulf Keystone Petroleum Ltd 2016 Annual Report with Sustainability Disclosures
Company: Gulf Keystone Petroleum Ltd
Sector: Mining & quarrying
Country: Bermuda
Year: 2016
Type: Annual Report with Sustainability Disclosures
Pages: 59
The report describes the Group's 2016 balance-sheet restructuring, which reduced debt from over $600 million to $100 million and strengthened its financial position. It reports average gross production of 34,794 barrels of oil per day and revenue of 194,409 in the report's $'000 presentation. Gulf Keystone recorded zero lost-time incidents, while solid-waste recycling reached 67%. The report also highlights regular payments from the Kurdistan Regional Government's Ministry of Natural Resources and continued community initiatives in Kurdistan.
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