. Military Space News .
OIL AND GAS
Iraq asks BP to study developing Kirkuk oilfields
by Staff Writers
Baghdad (AFP) Feb 11, 2018

Iraq has asked British energy giant BP to help bolster production at oilfields recaptured from the Kurds in northern Kirkuk province, Oil Minister Jabbar al-Luaybi said Sunday.

Luaybi told AFP he wanted to discuss a request for BP to draft a study on increasing output when the company's boss visits Kirkuk in the coming days.

"I suggested they study my proposal and I am waiting for their reply," Luaybi said.

BP is the biggest foreign player in Iraq's oil sector, running the Rumaila field in the south of the country which produces 1.5 million barrels per day (bpd) -- almost a third of Iraq's output.

In 2014, the oil ministry and BP signed a consultancy deal under which the energy titan would study reserves in the Baba Gurgur and Havana fields and ways of developing them.

But Baghdad lost the Kirkuk fields to Kurdish forces that year during a sweeping offensive by the Islamic State group, and the deal was never implemented.

"Because of IS, it was frozen," Luaybi said.

But he said Iraq had signed a new memorandum with BP in January after the federal government seized back control of the area following a September Kurdish independence referendum bitterly opposed by Baghdad.

Baba Gurgur, discovered in 1927, is Iraq's oldest oilfield.

Central government forces recaptured it from the Kurds in October along with the fields of Havana, Bai Hassan, Jambu and Khabbaz.

The five fields have a total output of around 470,000 barrels of oil per day (bpd) but production and export have been slow as the main pipeline linking Kirkuk to the Ceyhan oil terminal in Turkey was damaged and needs repairs.

Luaybi said a new 350-kilometre (220-mile) oil pipeline able to pump over one million bpd from the Kirkuk fields to Turkey may be completed within as little as a year.

In the meantime, Iraq will export up to 60,000 bpd by road to refineries around Iran's Kermanshah, where oil firms face major challenges transferring oil from wells in southern Iran, he said.

"We will supply those refineries and (receive) the equivalent quantities in our southern port" of Basra, he said.

- Talks with the Kurds -

Luaybi also said talks were underway with the Kurdish authorities with a view to pumping Kirkuk oil via a pipeline through the autonomous Kurdish region.

"We hope to succeed. We have reached a sort of understanding so far," he said.

A sixth oilfield, Khurmala, remains under Kurdish control, but Luaybi insisted it belongs to Iraq's state-owned North Oil Company.

"Khurmala belongs to NOC and was discovered more than 30 years ago," he said. "We started developing it in 1995. NOC and the oil ministry have finished drilling 36 wells there."

Luaybi said the Iraqi oil ministry had launched a $37 million programme in 2004 to develop Khurmala.

The ministry of resources in the autonomous Kurdish region of northern Iraq seized Khurmala in 2008-2009, Luaybi said.

"But it's a field that belongs to the oil ministry of the federal government," Luaybi said.

Iraq is the second largest producer in the OPEC cartel after Saudi Arabia.

It reported its oil exports at 109.6 million barrels in December last year, the same month that the government announced victory over IS.

Iraq in December 2017 earned around $6.5 billion (5.3 billion euros) from crude sales, at $59.3 per barrel.

ac/sk/hkb/par/del

BP


Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The Space Media Network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceMediaNetwork Contributor
$5 Billed Once


credit card or paypal
SpaceMediaNetwork Monthly Supporter
$5 Billed Monthly


paypal only


OIL AND GAS
U.S. mulling over impact of oil-related sanctions on Venezuela
Washington (UPI) Feb 8, 2018
The U.S. government is weighing the potential negative impacts of placing sanctions on Venezuelan oil or oil-related products, the secretary of state said. On a tour of Latin America, U.S. Secretary of State Rex Tillerson has expressed mounting concerns about the political affairs in Venezuela, a top oil producer. Venezuelan President Nicolas Maduro, widely criticized from Washington for his stance on democracy, is up for re-election this year and Tillerson said early this week that "obviously" ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
Beijing holds successful missile defense test

Saudi says Yemen rebel ballistic missile shot down

Lockheed tapped by Army for 10 more THAAD interceptors

Raytheon awarded $2.3B to support Patriot missile system

OIL AND GAS
Lockheed Martin Miniature Hit-to-Kill Missile Demonstrates Increased Agility and Affordability

Tomahawk missiles to receive upgraded communications systems

Raytheon to provide Griffin missiles to U.S. Air Force

Lockheed Martin flight tests new short-range missile

OIL AND GAS
L-3 awarded $8.2M for retrofits to Predator simulators

General Atomics awarded $49M for Reaper drone software development

Drones learn to navigate autonomously by imitating cars and bicycles

Northrop Grumman tapped to service Army's Hunter drones

OIL AND GAS
Military innovation demands state-of-the-art satellite connectivity for maritime applications

L-3 to provide advanced optics, sensors to U.S. Air Force

DARPA Seeks to Improve Military Communications with Digital Phased-Arrays at Millimeter Wave

Map of ionospheric disturbances to help improve radio network systems

OIL AND GAS
Raytheon awarded $95M contract for Excalibur support

Reconstructing an ancient lethal weapon

More than $17.5M awarded to Jacob Technology for services

Australia taps Elbit Systems for Blue Force Tracker

OIL AND GAS
Okinawa vote seen as boosting Japan's bid to relocate US base

Italy's Leonardo outlook sends shares into tailspin

Spain to up defence spending by 73 pct over seven years

UK launches fraud probe into defence firm Chemring

OIL AND GAS
Tillerson lands in Latin America with swipes at China and Venezuela

China urges Trump to drop 'Cold War mentality'

Japan, China talks end with friendship vows but no breakthrough

Russia doing 'absolutely nothing' to end Ukraine conflict: US envoy

OIL AND GAS
On the rebound as nanoparticles self-heal

Optical nanoscope allows imaging of quantum dots

Let the good tubes roll

Piecework at the nano assembly line









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.