LONDON (ShareCast) - (ShareCast News) - Gulf Keystone Petroleum remains confident it can hit its target of producing 32,000 to 38,000 barrels of oil per day this year.
The company's northern Iraq operations in the Shaikan field of Kurdistan recently reached a major production milestone of 40m barrels of crude oil to date and was now producing an average of 36,671 barrels of oil per day over the first six months of 2017.

"Safe and reliable operations remains a strategic priority and we continue to be strongly encouraged by the stable performance of the Shaikan Field during 2017," said chief executive Jón Ferrier.

"I am also pleased to report that GKP recently achieved two years with no lost-time-incidents, a testament to the quality of our field operations," Ferrier continued, before confirming a gross payment of $15m had been authorised by the Kurdistan Regional Government for Shaikan crude exports in April.

As of 1200 BST, shares had dipped 2.08% to 94.37p.

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