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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 oilfields in Kirkuk. The contract covers the Kirkuk field (Baba and Avana domes), Bai Hassan, Jambur, and Khabbaz.
In collaboration with the NOC, TotalEnergies has achieved a 20% increase in production at the Waha field; Repsol plans to drill nine new prospects in 2025; while Eni is planning four exploration wells in 2025. Unlocking new E&P markets A slate of discoveries in recent years have opened up new oil and gas plays across the continent.
CNOOC Limited is committed to building intelligent offshore oil and gasfields and developing oil and gas resources in a green and low-carbon manner, so that it could provide the society with clean, reliable, and stable energy supplies.
He added that while Iraqi crudeoil has one of the lowest extraction costs globally, its carbon footprint is relatively high, necessitating targeted action across the three areas. A contribution from Midland Oil Company (MdOC) on the East Baghdad Field as a pilot project.
These are both production approaches that work well at conventional wells in formations with excellent permeability characteristics, meaning it is easy to extract the oil from the rock. They also work well with lighter (less viscous) crudeoil grades. But not all oil-bearing geology is the same and not all oil is the same.
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