Gulf Keystone Petroleum has given an update on its receipt of the Shaiken payment
Further to the company's announcement of 27 June 2016, Gulf Keystone confirms today that a further gross payment of US$7.0 million has been received from the Kurdistan Regional Government for Shaikan crude oil exports in May 2016, bringing the total payment received to date to US$15.0 million gross.
This is the second instalment of the invoiced amount for May 2016 with the balance expected to be paid shortly.
A further announcement will be made in due course.
Adapted from a press release by Louise Mulhall
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/29062016/gulf-keystone-petroleum-announces-shaikan-payment-update/