ConocoPhillips to acquire 42% stake in Iraqi oil fields
HOUSTON - ConocoPhillips (NYSE:COP) announced today it has agreed to acquire a 42% interest in BP Energy Company of Kirkuk Limited from bp, according to a press release statement. The acquisition provides access to four producing oil fields in the Kirkuk area of northern Iraq, including the Baba and Avanah domes of the Kirkuk oil field and three adjacent fields: Bai Hassan, Jambur and Khabbaz.
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HOUSTON - ConocoPhillips (NYSE:COP) announced today it has agreed to acquire a 42% interest in BP Energy Company of Kirkuk Limited from bp, according to a press release statement. The acquisition provides access to four producing oil fields in the Kirkuk area of northern Iraq, including the Baba and Avanah domes of the Kirkuk oil field and three adjacent fields: Bai Hassan, Jambur and Khabbaz. The Development and Production Contract includes an initial gross recoverable resource of more than 3 billion barrels of oil equivalent. The agreement is expected to be signed during Iraqi Prime Minister Ali al-Zaidi’s official visit to Washington, D.C.
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- HOUSTON - ConocoPhillips (NYSE:COP) announced today it has agreed to acquire a 42% interest in BP Energy Company of Kirkuk Limited from bp, according to a press release statement. The acquisition provides access to four producing oil fields in the Kirkuk area of northern Iraq, including the Baba and Avanah domes of the Kirkuk oil field and three adjacent fields: Bai Hassan, Jambur and Khabbaz.
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ConocoPhillips to acquire 42% stake in Iraqi oil fields
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