Gulf Keystone Petroleum ABOUT OPERATIONS INVESTORS ESG CONTACT About Business Model and Strategy Our purpose: GKP is a responsible energy company developing natural resources for the benefit of our stakeholders and employees, delivering social and economic benefits by working safely and sustainably with integrity and respect. Business Model Safe and reliable operations The Company strives to be at the forefront of HSSE best practice in the Kurdistan Region of Iraq, is proud of its safety track record and is committed to a continuous improvement culture. Optimise longer-term development of Shaikan GKP is actively working with MOL and the MNR on a revised Field Development Plan which will be submitted in due course. Deliver value to stakeholders The Company is focused on conducting operations for the benefit of all stakeholders. Investing in the field and increasing production, whilst returning value to shareholders, as appropriate, remains a core focus. Commitment to ESG Since the start of operations in the region in 2007, Gulf Keystone has delivered – and continues to focus on – initiatives that now fall under the sustainability or ESG banner. Sustainable production growth Utilising the Company’s extensive knowledge of the underlying reservoir supports Gulf Keystone’s ability to invest in further production growth at the Shaikan Field. The phased and risk‑managed approach is expected to increase production first to 55,000 bopd and then over time to 110,000 bopd. Strategy Our strategy is to create value through the staged development of Shaikan to deliver profitable production growth, balanced, as appropriate, with distributions to shareholders. Gulf Keystone’s strategic priorities are as follows: Safety and sustainability The Company is committed to high ESG standards with a focus on safety, the environment, our people and local communities, underpinned by strong governance processes. Value creation Deliver long-term, profitable production growth and, as appropriate, return capital to shareholders. Capital discipline and cost focus Prudent, disciplined and proactive management of capital expenditures and underlying cost base. Robust financial position Maintain adequate liquidity to fund the development over time while allowing for return of capital to shareholders. Purpose, Values & Culture Business Model and Strategy Board and Management Corporate Governance History Gulf Keystone Petroleum Ltd. (Bermuda) c/o Coson Corporate Services Ltd. Cedar House, 3rd Floor 41 Cedar Avenue Hamilton HM12 +1 441 295 4630 Gulf Keystone Petroleum International Ltd. (Iraq) 3rd Floor, UB Centre Bakhtyari Erbil Kurdistan Region of Iraq +964 750 755 3111 Gulf Keystone Petroleum (UK) Ltd. (UK) 6th Floor, New Fetter Place 8-10 New Fetter Lane London EC4A 1AZ +44 (0) 207 514 1400 +44 (0) 207 514 1427 Disclaimer Privacy and Cookie Policy Accessibility Website by BRIGHTER*IR