Gulf Keystone reserves soar at Shaikan

Gulf Keystone has unveiled a significant upgrade of the gross oil-in-place volumes for the Shaikan field in the Kurdistan Region of Iraq to a mean value of 13.7bn barrels.

Gulf Keystone has unveiled a significant upgrade of the gross oil-in-place volumes for the Shaikan field in the Kurdistan Region of Iraq to a mean value of 13.7bn barrels.

The field has between a probable value of 12.4bn barrels to proven value of 15bn barrels of oil-in-place, giving an average of 13.7bn, compared to the previously announced range of 8.0 to 13.4bn barrels with a mean value of 10.5bn barrels.

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