Gulf Keystone agrees to combine with ShaMaran

Bitget2026/10/20 06:09

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Gulf Keystone agreed to merge with ShaMaran in an all-share transaction valuing ShaMaran at USD 601 million.
Shareholders of each company will own approximately 50% of the combined business.
Existing Gulf Keystone shareholders are expected to receive a USD 50 million special dividend at closing, subject to board approval.
The combined producer will focus on Kurdistan and Federal Iraq, with estimated working-interest production of 53,000 barrels per day.
Completion is expected in mid-2027, subject to shareholder and regulatory approvals, including approval from the Kurdistan Regional Government.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gulf Keystone Petroleum Ltd. published the original content used to generate this news brief via PR Newswire (Ref. ID: EN76260) on October 20, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Gulf Keystone agrees to combine with ShaMaran

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