U.K.-listed oil firm Gulf Keystone Petroleum Ltd. (GFKSY) said Tuesday that it is on track to boost daily oil output from the Shaikan field in Kurdistan by more than 60% through three additional oil wells. The company has installed flowlines to connect three new wells–Shaikan 7, 8, and 10–to existing production facilities. It expects to start pumping oil through the flowlines this month, the company said. This will increase the field’s total output to a near-term target of 40,000 gross barrels of oil per day from 23,000 to 25,000 barrels a day currently, it added. “Despite numerous challenges earlier this year, Gulf Keystone has completed the work on the three additional producers on time,” said John Gerstenlauer, Gulf Keystone’s chief executive officer. “We are now testing the flowline connections, including an 11 km link between Shaikan-10 and PF-2, and look forward to boosting Shaikan production to […]