Iraq Hands BP Final Approval for Kirkuk Oil Development

Iraq Hands BP Final Approval for Kirkuk Oil Development

British Oil & Gas giant BP Plc (NYSE:BP) has received final approval by the Iraqi government for the redevelopment of the giant Kirkuk oil fields, with an initial plan to produce 3B boe. BP will develop Iraq's Kirkuk oil and gas fields based on a profit-sharing model, Iraqi oil ministry officials have revealed. BP will spend as much as $25B in a deal that will last more than 25 years. Previously, Iraq’s oil ministry and BP signed a confidentiali…

BP Earns Approval to Redevelop Oil Fields in Northern Iraq

The agreement with Iraq’s government is for an initial phase that includes oil and gas production of more than 3 Bboe, BP stated.

Shell & BP Executives Indicted? Finally Someone’s Asking WTF Are They Still Getting Away With?

Shell & BP Executives Indicted? Finally, Someone’s Asking WTF Are They Still Getting Away With? Because climate collapse apparently pays better than justice. Ah, Shell and BP—the oil-stained darlings of the stock market, the poster children of unchecked corporate excess, and the absolute masters of torching the planet while patting themselves on the back for it. This week, in a rare moment of clarity from the reality-based world, draft indictmen…

bp and Iraq finalize contract for Kirkuk oil field redevelopment – Oil & Gas 360

(World Oil) – bp has received final government ratification for its contract to invest in the redevelopment of several giant oil fields in Kirkuk, in the north of Iraq. Calgary, Canada – September 21, 2012: BP’s Canadian head office in Calgary Alberta. BP is one of the major developers of the Alberta Oilsands, and a global energy company based in the UK. The contract between North Oil Company (NOC), North Gas Company (NGC) and bp includes the reh

BP and Iraq finalize contract for Kirkuk redevelopment - Drilling Contractor

BP has received final government ratification for its contract to invest in the redevelopment of several giant oil fields in Kirkuk, in the north of Iraq. The contract between North Oil Company (NOC), North Gas Company (NGC) and BP includes the rehabilitation and redevelopment of the fields, spanning oil, gas, power and water with potential … The post BP and Iraq finalize contract for Kirkuk redevelopment appeared first on Drilling Contractor.

Prime Minister Mohammed Shia al-Sudani sponsored, today, Wednesday, the signing ceremony of a contract between the Ministry of Oil and the British company BP, regarding the project to develop and produce the four oil fields in Kirkuk, namely: (Kirkuk with its two craters, Baba