Iraq has officially transferred its giant Kirkuk oil field from state-owned North Oil and North Gas companies to a BP-led venture. In a 15 October virtual ceremony, operations were handed over to the joint management committee led by BP, alongside its partners ConocoPhillips and TPAO (MEES, 31 July).
The partners will oversee the integrated redevelopment of Kirkuk’s Baba and Avanah domes, as well as the neighboring Bai Hassan, Jambur and Khabbaz oil fields. Work will include rehabilitating dilapidated gas processing facilities in the north. BP activated the Development and Production Contract (DPC) last year (MEES, 3 October 2025), and its executives held multiple meetings with the ministry this year ahead of the handover. (CONTINUED - 195 WORDS)