BP in Talks to Pump at Iraq Kirkuk Oil Field

Source: Bloomberg 3/22/2012, Location: Middle East

BP Plc (BP) is in talks aimed at boosting production at Iraq’s Kirkuk oil field, an Iraqi official said, as the country’s crude exports reached a three- month high of 2.2 million barrels a day. BP is the “most competent” of the companies bidding to raise output at Kirkuk by 300,000 barrels a day, more than double the field’s current production, Hussain Gholam, the deputy director general of Iraq’s North Oil Co., said in an interview in Baghdad.

If successful, BP would become the first foreign company to develop one of the country’s oldest deposits, which now yields 280,000 barrels a day.

OAO Lukoil (LKOH), Russia’s biggest non-state oil producer, signed a $998 million agreement with Samsung Group today to develop the West Qurna-2 field.

Iraq’s government has awarded 15 licenses to foreign energy companies since the U.S.-led invasion that ousted President Saddam Hussein in 2003. It plans a new auction of drilling rights in May. Iraq holds the world’s fifth-largest oil reserves, according to BP data that also include Canadian oil sands, and is seeking investment and expertise to help rebuild an energy industry stunted by years of conflict and sanctions.


Nigeria >>  6/23/2022 - ADM Energy PLC, a natural resources investing company, announces its audited full year results for the 12 months ended 31 December 2021.

I...

Tanzania >>  6/22/2022 - Prior to today's Annual General Meeting ("AGM"), Wentworth, an independent natural gas production company with a focus on Tanzania, is delighted to pr...

Australia >>  6/21/2022 - Comet Ridge Limited (COI) is happy to report that daily gas production from the Mahalo North 1 well has increased to over 310 Mcfd, an almost fourfold...
Colombia >>  6/21/2022 - GeoPark Limited (GPRK), a prominent independent Latin American oil and gas explorer, operator, and consolidator, provided an update on its operations ...

Norway >>  6/21/2022 - Preliminary production figures for May 2022 show an average daily production of 1 831 000 barrels of oil, NGL and condensate. Total gas sales were 10....
United Kingdom >>  6/21/2022 - The North Sea Transition Authority (NSTA) has created a new screening tool to help maximise the repurposing of oil and gas infrastructure for energy t...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.