Oil and Gas Fields: Akkas

Name: Akkas, also known as Salah Al Dine

Controlled by: Ministry of Oil (Baghdad).

Location: Anbar province, 30 km south of Al Qaim city on the Syrian border

Discovery: 1992

Reserves: Estimated Gas in Place 5.6 tcf

Size: 30km long and 12km wide

Developed by: Kogas (75%), North Oil Company (25%).  Originally awarded to a consortium of Kogas and KazMunaiGas (KMG), but KMG pulled out, leaving Kogas as sole investor and operator on new contract terms. In 2014 it was reported that Kogas was planning to sell its interest in the field.  In 2021 it was rumoured that Saudi Arabia's Delta Oil Company was interested in buying a stake. As of January 2023, the Kogas website confirms that the company still holds a 75% stake. In March 2023, the Iraqi cabinet agreed terms for Kogas to surrender its stake in the field. On 25th May, 2023, the Ministry of Oil said it had invited Saudi Aramco to invest and participate in the development of Akkas, and that Aramco is "studying cooperation mechanisms in this context."

Contract granted: Third licensing round (October 2011).

Remuneration: $5.50 for each boe produced

Plateau production target:  400 MMscf per day within seven years and holding that output for 13 years

For latest news on the project please click here.

A full list of oil and gas fields controlled by the Ministry of Oil in Baghdad can be found here.