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ERBIL, Kurdistan Region - The London-listed Gulf Keystone Petroleum (GKP) said Monday it has restored pre-war production levels at its Sheikan oil field in the Kurdistan Region's Duhok province, with output exceeding 43,000 barrels per day (bpd) following the restart of operations last month. The company had suspended production earlier this year due to the conflict involving the US, Israel and Iran.
The oil producer said in a statement that production and exports from the field resumed on June 24, and that "gross volumes have successfully ramped up to over 43,000 bopd."
The Sheikan field in Duhok province is Gulf Keystone's primary producing asset and was temporarily shut down in March after the US and Israel launched a major military operation against Iran, igniting a six-week war before a fragile ceasefire was reached on April 8.
The company produced over 44,000 barrels per day before the Iran war.
The production halt came after the Kurdistan Region came under aerial attacks by Iran and its allied Iraqi armed groups, disrupting operations at the Region's energy facilities and particularly affecting the company's main revenue stream.
At the time, the company announced that it had "temporarily shut-in production operations" and taken measures to protect staff "in light of the developing regional security environment," while confirming that "the Company's assets have not been impacted."
Kurdish authorities have repeatedly condemned the ongoing strikes, stressing that the Kurdistan Region is not a party to the conflict. Iranian officials, however, continue to argue that Iranian Kurdish opposition groups pose a threat to national security, a claim that has fueled continued cross-border attacks despite the fragile truce.
