The transaction is valued at $601 million. Both firms specialize in oil operations in Kurdistan, and the deal consolidates their holdings into a single operator for the region.
Tuesday, October 20, 2026
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Gulf Keystone and ShaMaran Agree $601 Million Kurdistan Oil Merger
Business17 hours ago
The new combined entity will produce 53,000 barrels of oil per day from working interests in the Kurdistan region. This production will be concentrated across three contiguous sites—the Shaikan, Atrush, and Sarsang assets—following a merger between Gulf Keystone and ShaMaran.
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