By John Lee.
Gulf Keystone Petroleum (GKP) has announced the temporary shut-in of production operations at the Shaikan field in the Kurdistan Region of Iraq, citing the developing regional security environment.
The company said it has taken measures to protect staff and confirmed that its assets have not been impacted.
Shares in GKP closed down 4.6 percent on Monday.
Separately, ShaMaran Petroleum said it has been informed that HKN Energy Ltd., operator of the Atrush and Sarsang blocks in the Kurdistan Region of Iraq, has also temporarily shut in production from both fields as a precautionary measure due to the deterioration in the regional security environment.
ShaMaran stated that its assets and personnel have not been affected.
(Sources: Gulf Keystone Petroleum; ShaMaran Petroleum)
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