BP signed a strategic partnership with Iraq’s North Oil and North Gas companies to redevelop Kirkuk oil fields and gas facilities. The move marks a “new phase” in reviving one of its four global dream fields. The agreement aims to boost production, modernize infrastructure, and strengthen Iraq’s energy sector.
BP and its local partners will rehabilitate oil and gas installations and upgrade power and water systems. These actions will increase output, improve operational efficiency, and support growth across the northern province.
BP Iraq President Zaid Elyaseri said the project “combines local expertise with BP’s global experience to expand Iraq’s energy capacity.” He added that it will create jobs, improve local supply chains, and provide social programs for nearby communities.
Kirkuk holds an estimated 20 billion barrels of recoverable reserves, making it one of BP’s most valuable global assets. It ranks alongside BP’s fields in Azerbaijan, the Gulf of Mexico, and India. Analysts said Kirkuk is central to Iraq’s strategy to revive aging fields, maintain production, and meet rising domestic and international demand.
BP plans to modernize infrastructure and use advanced extraction techniques to unlock the field’s full potential. The company also emphasizes environmental standards, aiming to reduce emissions, improve safety, and promote sustainable practices across all operations. These upgrades will enhance efficiency and long-term productivity.
The Kirkuk initiative marks a key step in revitalizing Iraq’s energy sector and ensuring long-term stability. The partnership shows how international companies and local firms can collaborate to achieve technical excellence, foster economic development, and create lasting benefits for local communities.
BP’s project highlights the company’s commitment to global energy leadership while supporting Iraq’s growth goals. As construction continues, Kirkuk will play a pivotal role in modernizing Iraq’s oil industry, expanding national energy output, and contributing to regional economic resilience.