2 days ago · 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 ...

2 days ago · BP may invest up to $25 billion to redevelop four Kirkuk oil and gas fields in Iraq, according to a media report. The British oil major is likely to commit between $20 billion and $25 billion in a profit-sharing pact that will last more than 25 years, Reuters reported, quoting an unnamed senior Iraqi oil official.

6 days ago · bp is set to return to Kirkuk’s oil sector in February 2025, marking its third attempt to operate in the region amid ongoing geopolitical complexities. Type your search and press Enter.

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.

Dec 20, 2024 · 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.

bp has a long history of oil exploration and production in Iraq. This history stretches back ‎to the 1920s when the company that would eventually come to be known as bp helped ‎Iraq locate, produce and export oil from Baba Gurgur, Kirkuk. This was …

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.

Aug 20, 2024 · Iraq will share profits with BP from developing its giant Kirkuk oil and gas fields, two officials said on Tuesday, as the country moves away from low-margin service contracts to speed up...

2 days ago · The Road to Kirkuk. BP’s history in Kirkuk runs deep. The company was part of the original consortium that discovered oil there almost a century ago, but its more recent attempts to develop the ...

2 days ago · BP p.l.c. is one of the world's leading oil groups. Net sales break down by activity as follows: - refining and distribution (76.1%): At the end of 2023, the group had 7 refineries (including 3 in the United States) and a network of 21,100 service stations (including 8,200 in the United States); - exploration and production of hydrocarbon (23.6%): oil (1,115,000 million barrels produced per ...