Feb 4, 2025 · Under the terms of the contract, BP would boost crude production capacity from the four oilfields in Kirkuk by 150,000 barrels per day (bpd) to raise total capacity to at least 450,000 bpd in 2-3 ...

Feb 4, 2025 · BP has deep knowledge of the Kirkuk fields. It was a member of the consortium of companies that discovered oil in Kirkuk in the 1920s and has estimated the area holds about 9 billion barrels of ...

1 day ago · Plans in Kirkuk After signing a ... “In 2024, bp delivered operating cash flow of $27.3 billion. During the year, we introduced our target to deliver at least $2billion of savings(a) by the end of 2026 relative to 2023 and are making strong progress, achieving $0.8 billion of structural cost reduction*. We raised the dividend per ordinary ...

Aug 1, 2024 · bp has signed a memorandum of understanding (MoU) with the Government of the Republic of Iraq to negotiate a material integrated redevelopment programme for the Kirkuk region, spanning oil and gas investment, power generation and solar, together with wider exploration activities.

Jan 15, 2025 · 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

Feb 4, 2025 · BP has deep knowledge of the Kirkuk fields. It was a member of the consortium of companies that discovered oil in Kirkuk in the 1920s and has estimated the area holds about 9 billion barrels of ...

Jan 15, 2025 · Iraq and British oil major BP will sign a mammoth deal covering four Kirkuk oil and gas fields by the first week of February, Oil Minister Hayan Abdel-Ghani told Reuters during a visit to...

BP and Iraq agree on technical terms to redevelop the Kirkuk oilfields, aiming for a deal by early 2025. The project holds the potential for enhanced oil output and renewable energy integration.

Dec 19, 2024 · British oil major BP on Thursday said it has reached a deal with the Iraqi government on the technical terms to redevelop the Kirkuk oil and gas fields.

Dec 19, 2024 · BP and the federal government of Iraq have agreed on the key technical terms in the plan to redevelop the oil and gas fields in Kirkuk which still hold billions of barrels of recoverable oil...