Gulf Keystone Petroleum falls on grim 2026 production outlook

Gulf Keystone Petroleum

22/01/2026 08:55

** UK-listed Kurdish oil producer Gulf Keystone Petroleum GKP.L down 3.3% at 179.4p

** Says 2026 gross average production guidance of 37,000 to 41,000 bopd

** Co says 2025 gross average production at 41,560 bopd

** "The 2026 production guidance of 37–41Mbbl/d is below our current estimate of 46 Mbbl/d, reflecting planned activity, the PF-2 shutdown impact, and natural decline in the absence of drilling" - Peel Hunt analysts

** Co says 2026 year to January 20 gross average production at about 40,600 bopd

** GKP expects 2026 net operating costs of $55 million to $60 million

** In 2025, stock gained ~21.6%

 (Reporting by Rishab Shaju in Bengaluru)

 ((Rishab.shaju@thomsonreuters.com ; +91 9048142177))