Gulf Keystone Petroleum Ltd.
Transaction Type
Sellers
Basin
Kurdistan
Field
Akri-Bijeel
Post Date
Estimated Price
0MM
Description
Gulf Keystone Petroleum Ltd. has retained Strand Hanson Ltd. and Perella Weinberg Partners UK LLP as joint corporate advisers concerning the potential sale of interest in Iraq.
Gulf Keystone will consider the sale of 20% working interest in the Akri-Bijeel block in the Kurdistan region of Iraq. The block is operated by Kalegran Ltd., a subsidiary of MOL Hungarian Oil and Gas Plc., which holds the remaining 80% working interest in the block.
The operator's P50 resource estimate for the Bijell discovery is 2.4 billion barrels of oil-in-place, while the ongoing 2012/13 exploration and appraisal program is targeting existing and identified hydrocarbon prospects in the Akri-Bijeel block.
Contact Simon Raggett, +44 (0) 20 7409 3494.