Iraqi state agency North Oil Firm (NOC) is aiming to stabilize and lift output at its Kirkuk operations to “decide output ranges in preparation for [eventual] handover” to BP, a senior government instructed Iraq’s Shafaq Information on 13 September. BP final month signed a contemporary MoU with Iraq to re-develop the growing older Kirkuk discipline alongside the neighboring Bai Hassan, Jambur and Khabbaz oil fields (MEES, 2 August).
The NOC official says his agency plans to achieve “the best potential” baseline output on the fields earlier than handover to BP. Iraq has a monitor report of accelerating output at brownfield belongings earlier than providing them for growth by overseas corporations, however it’s unclear whether or not NOC can ship on time. (CONTINUED – 307 WORDS)
Learn this text without cost
Acquire entry to over 60-years of power evaluation and information
Delve into the main points backed by information
Unique info from high-level officers
Assess future dangers and alternatives
Supply hyperlink
