ConocoPhillips Reaches Agreement Supporting Redevelopment of Producing Oil Fields in Iraq

ConocoPhillips reaches agreement supporting redevelopment of producing oil fields in Iraq

ConocoPhillips will acquire a 42% interest in BP Energy Company of Kirkuk Limited to support redevelopment of major Kirkuk oil fields including Baba, Avanah, Bai Hassan, Jambur and Khabbaz. Read more on the expected timeline to completion.

ConocoPhillips to acquire 42% stake in Iraq's Kirkuk oil redevelopment project

ConocoPhillips has agreed to acquire a 42% interest in bp's Kirkuk joint venture, supporting the redevelopment of four producing oil fields in northern Iraq. The project includes more than 3 Bboe of recoverable resources and additional exploration potential.