Business
Commissioning Phase of Oil Export Operations
Commissioning Phase of Oil Export Operations.
About this update from Gulf Keystone Petroleum Limited
[{"type":"text","content":"\n \nRNS Number : 3677I Gulf Keystone Petroleum Ltd. 14 June 2011 \n \n\nNot for release, publication or distribution in or into the United States or jurisdictions other than the United Kingdom and Bermuda where to do so would constitute a contravention of the relevant laws of such jurisdiction.\n \n \n \n14 June 2011\n \nGulf Keystone Petroleum Ltd. (AIM: GKP)\n(\"Gulf Keystone\" or \"the Company\")\n \nKurdistan Operational Update\nCommissioning Phase of Oil Export Operations\n \n \nFurther to the announcement of 23 May 2011, Gulf Keystone is pleased to announce that currently the Company is in the commissioning phase of oil export operations from its Extended Well Test (EWT) facility close to Shaikan-1 and Shaikan-3. \n \nThe commissioning phase, involving final preparations and customary checks and tests on all elements of the process, including loading and transportation logistics, as well as metering and receiving facilities, is underway in order to enable the Company to steadily ramp up export volumes to 5,000 barrels of oil per day (bopd) with an eight month target of over 10,000 bopd. To date just over 3,700 barrels of oil have been delivered to the storage tank facilities at the export pipeline injection point. \n \nPrior to commencing the commissioning phase the storage tank at the EWT facility was emptied of approximately 21,000 barrels of oil, which have been sold into the domestic market in order to allow preparations for oil export to commence. \n \nAll volumes of oil are in addition to those previously reported in the Annual Results on 11 April 2011.\n \nThe Company will provide a further update on oil export operations once the commissioning phase is complete and stabilised export volumes have been injected into the Kirkuk-Ceyhan pipeline.\n \nJohn Gerstenlauer, Gulf Keystone's Chief Operating Officer commented: \n \n\"Gulf Keystone is making good progress toward commencing oil exports from our Shaikan facilities at the initial intended rate of 5,000 bopd following the current commissioning phase. We look forward to delivering stabilized export volumes of Shaikan crude for shipment via the Kirkuk-Ceyhan pipeline.\" \n \n \nEnquiries:\n \n\n\n\n\nGulf Keystone Petroleum:\n\n\n+44 (0) 20 7514 1400\n\n\n\n\nTodd ...