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BP’s Kirkuk Contact Extended
4/22/15
BP‘s president in the Middle East,*Michael Townshend, has said that the company has extended an agreement with the Ministry of Oil to boost production at the Kirkuk oilfield.
Reuters quotes him as saying “We had a letter of intent, which was for a year, and we extended that until the end of this year because there was a time last year where we couldn’t do anything productive.”
Under the deal, BP works on the Baba and Avana geological formations on the Baghdad-administered side of the border, while Kirkuk’s third formation, Khurmala, is controlled by the Kurdistan Regional Government (KRG).
(Source: Reuters)
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4/22/15
BP‘s president in the Middle East,*Michael Townshend, has said that the company has extended an agreement with the Ministry of Oil to boost production at the Kirkuk oilfield.
Reuters quotes him as saying “We had a letter of intent, which was for a year, and we extended that until the end of this year because there was a time last year where we couldn’t do anything productive.”
Under the deal, BP works on the Baba and Avana geological formations on the Baghdad-administered side of the border, while Kirkuk’s third formation, Khurmala, is controlled by the Kurdistan Regional Government (KRG).
(Source: Reuters)
[You must be registered and logged in to see this link.]
