Iraq/Kurdistan: BP Seeks Kirkuk Oil Field Revival, Starts Talk with Baghdad

Nov 20, 2014 | Hellenic Shipping News
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U.K. supermajor BP plc (BP) has initiated a contract talk with the Iraq’s Oil Ministry to develop the Kirkuk oil field – a potential area for political conflict now that Iraq’s autonomous Kurdistan region has integrated much of the field into its own, separate oil sector. Representatives of the British super-major held meetings with Iraqi officials in Baghdad on Monday. BP, which is already working at Iraq’s largest producing field, Rumaila, is expected to gain access to considerable reserves in the north through the Kirkuk deal.

The deal would give Baghdad an experienced partner and facilitate it in making up for the huge fall in output from Kirkuk. The British major is already providing technical assistance to Iraq’s state-owned North Oil Company on the Kirkuk oil field.