By John Lee. Iraq's Prime Minister, Mohammed S. Al-Sudani, oversaw the signing of a major agreement between the Iraqi Ministry of Oil and BP for the development and production of four key oil fields in Kirkuk. The contract covers the Kirkuk field (Baba and Avana domes), Bai Hassan, Jambur, and Khabbaz. The signing ceremony on […]
By John Lee. Iraq's Ministry of Oil has signed an initial agreement with BP to develop four oilfields in Kirkuk. The agreement, signed by North Oil Company (NOC) and North Gas Company (NGC), covers the development of the Avana and Baba domes of Kirkuk, Bai Hassan, Khabbaz, and Jambur fields. Minister of Oil Hayan Abdul […]
By John Lee. BP has reached a contractual agreement with the Government of Iraq to invest in the rehabilitation and redevelopment of several giant oil fields in Kirkuk. The agreement, signed in Baghdad on Tuesday under the patronage of Prime Minister Mohammed Shia Al-Sudani, encompasses oil, gas, power and water development, with potential for future […]
By John Lee. A memorandum of understanding (MoU) was signed in London to explore the comprehensive redevelopment of four oil fields in Kirkuk. The agreement was formalised by Amer Khalil Ahmed, Director General of the North Oil Company (NOC), and Zaid Al-Yasiri, BP's Iraq Branch Manager, in the presence of Deputy Prime Minister and Minister […]
By John Lee. In a statement from the Ministry, Iraq's Minister of Oil, Hayan Abdul Ghani, noted ongoing negotiations with BP to finalise technical, economic, and contractual aspects of the Kirkuk oilfield development. Senior officials from the Ministry, the North Oil Company (NOC), and BP, including the head of BP Iraq, participated in the talks. […]
By Alex Kimani for OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. BP To Develop Iraq's Kirkuk Oil Fields On Profit-Sharing Model British oil and gas giant BP Plc (NYSE:BP) will develop Iraq's Kirkuk oil and gas fields based on a profit-sharing model […]
By John Lee. UK-based oil major BP has said that negotiations regarding an integrated redevelopment programme for the Kirkuk region are expected to be complete early in 2025. The non-binding agreement, signed on Thursday, involves the rehabilitation and development of four oil fields in Kirkuk. It also proposes to explore opportunities for investment in power […]
By John Lee. Iraqi Prime Minister Mohammed Shia' Al Sudani oversaw the signing of a comprehensive memorandum of understanding between Iraq's Ministry of Oil and BP to rehabilitate and develop four oil fields in Kirkuk. The Minister of Oil, Hayan Abdul Ghani, and BP's CEO, Murray Auchincloss, signed the agreement. The memorandum includes the rehabilitation […]
By John Lee. The Iraqi Drilling Company (IDC) has successfully completed the drilling of oil well 199 at the Bai Hassan oil field, west of Kirkuk. Drilling reached a depth of 1,810 meters, using the1,000-horsepower IDC 222 drilling rig. The work was done on behalf of the North Oil Company (NOC). (Source: Ministry of Oil)
By John Lee. The Kurdistan Regional Government (KRG) has denied seizing the Bai Hassan and Dawd Gurg oil fields in Kirkuk from the Iraqi federal government's Ministry of Oil. On Saturday, the North Oil Company (NOC), which is owned by the Iraqi National Oil Company (INOC), claimed that the KRG took over the fields in […]
By John Lee. A terrorist attack on the Bai Hassan oilfield in Kirkuk early on Wednesday has caused casualties and damage. A statement from the Ministry of Oil said that wells 177 and 183 were bombed, and "a number of security forces and energy police were killed and wounded". The safety and firefighting teams from […]
By John Lee. The North Oil Company (NOC) has said that two oil wells in the Bai Hassan field in Kirkuk were attacked in an act of sabotage on Saturday. The explosions did not result in damage or injury. (Source: Ministry of Oil)
