Gulf Keystone CEO on how ShaMaran merger could boost production, cut costs and unlock growth

The ShaMaran merger could nearly double Gulf Keystone's production and reshape it into an Oslo-listed, dividend-focused Kurdistan oil consolidator.

• Production doubling: Combined net production would rise from ~28,000 bopd to 53,000 bopd at merger close, with longer-term potential toward 100,000 bopd as Shaikan and Hamrin are developed.
• Hamrin upside: Hamrin holds estimated gross reserves/resources of 500 million-1 billion barrels (125-250 million net to GKP's 25% stake), with operator HKN targeting tripling output to 60,000 bopd by end-2028.

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