Update on Shaikan Field operations

13 Jul 2026 08:31 CEST

13 July 2026

Gulf Keystone Petroleum Ltd. (LSE & OSE: GKP)
("Gulf Keystone", "GKP", "the Group" or "the Company")

Update on Shaikan Field operations

Gulf Keystone, a leading independent operator and producer in the Kurdistan
Region of Iraq ("Kurdistan"), announces that, following the recent restart of
production and exports operations on 24 June 2026, gross volumes have
successfully ramped up to over 43,000 bopd. Well activities are underway to
bring incremental production online in the coming weeks. The Company continues
to closely monitor the security environment in Kurdistan and the broader
region.

The Company is progressing towards achieving sustainable exports sales at
international prices, with constructive engagement to implement long-term
exports agreements. The Company remains focused on strict cost control while
continuing its discussions with Kurdistan's Ministry of Natural Resources on a
revised Shaikan Field Development Plan.

Enquiries:

+----------------------------------------------+------------------------------+
| Gulf Keystone: | +44 (0) 20 7514 1400 |
+----------------------------------------------+------------------------------+
| Aaron Clark, Head of Investor Relations | aclark@gulfkeystone.com |
| & Corporate Communications | |
| | |
+----------------------------------------------+------------------------------+
| FTI Consulting | +44 (0) 20 3727 1000 |
+----------------------------------------------+------------------------------+
| Ben Brewerton | GKP@fticonsulting.com |
| Nick Hennis | |
+----------------------------------------------+------------------------------+

or visit: www.gulfkeystone.com (http://www.gulfkeystone.com/)

Notes to Editors:

Gulf Keystone Petroleum Ltd. (LSE & OSE: GKP) is a leading independent
operator and producer in the Kurdistan Region of Iraq. Further information on
Gulf Keystone is available on its website www.gulfkeystone.com
(http://www.gulfkeystone.com/)

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