Browsing Tag
Avanah
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ConocoPhillips joins bp to advance Kirkuk oil redevelopment partnership in Iraq
ConocoPhillips plans a 42% entry into bp’s Kirkuk venture, adding long-life Iraqi resources while sharing capital, contract and geopolitical exposure.
ConocoPhillips agrees to buy 42% of BP’s Kirkuk oil redevelopment venture
ConocoPhillips is entering the redevelopment of four producing northern Iraqi oil fields through a minority interest in BP’s Kirkuk project company. The structure offers exposure to a resource base exceeding 3 billion barrels of oil equivalent without requiring ConocoPhillips to assume operatorship or make significant initial capital contributions.