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BP has reached a contractual agreement with the Government of Iraq to invest in the rehabilitation and redevelopment of several giant oil fields in Kirkuk. It will enable us to bring our experience of managing giant fields to realise the potential of this important asset for Iraq, working alongside and in close partnership with NOC and NGC.
Al-Sudani, oversaw the signing of a major agreement between the Iraqi Ministry of Oil and BP for the development and production of four key oil fields in Kirkuk. The contract covers the Kirkuk field (Baba and Avana domes), Bai Hassan, Jambur, and Khabbaz. Iraq's Prime Minister, Mohammed S.
Each of the new contracts has a three-year term under which Wood will support TotalEnergies to advance the AssociatedGas Upstream Project (AGUP) , a key part of the GGIP project. Wood has supported the Ratawi field since 2023. "We Learn more about Wood in Iraq.
Libyas NOC is working with IOCs Repsol, bp, TotalEnergies, ConocoPhillips and more to increase output to two million barrels per day (bpd). The partners completed the offshore platform for Angolas first non-associatedgas project in February 2025, with production on track for early-2026.
Dana Gas has announced accelerated development at Kurdistan's Khor Mor and Chemchemal fields. Khor Mor field development The companies announced that daily production from Khor Mor in early March reached 525 MMscfd of natural gas, a growth of 75% since 2017, in addition to 15,200 b/d of condensate, and 1,070 t/d of LPG.
The aim is to debottleneck and upgrade existing facilities to increase energy production capacity to 120,000 barrels of oil per day on completion of the first phase. Wood has supported the Ratawi field since 2023. This facility will process 50 Mcf/d of gas previously flared, which will supply local power plants.
The project is expected to achieve a peak production of approximately 11,000 barrels of oil equivalent per day (boe/d) in 2026. The design concept of intelligent oil and gasfields were used in the two new projects.
The significant number of vertical wells indicates ongoing development in conventional heavy oil fields, such as those in the Lloydminster area. Operational Highlights Cenovus maintained a steady rig count of 19 in Q1 2025, demonstrating consistent operational capacity Oil Gas Leads. billion to $5.0 billion in 2025.
Results summary ($ million unless stated) 2024 2023 Average Brent oil price ($/bbl) 81 82 Average realised price per barrel 35 47 Production (bopd, working interest) 19,650 12,410 Revenue 74.7 In partnership with DNO, Genel continues to be part of the first AssociatedGas Injection (AGI) project in the Kurdistan Region of Iraq ('KRI').
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