Asset Report
Greater Kirkuk Area
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Kirkuk fields are in the Kirkuk province in northern Iraq and consist of Kirkuk Avanah, Kirkuk Baba, Bai Hassan, Khabbaz and Jambur. These fields were discovered between the 1920s and 1970s by the Iraq Petroleum Company, a historical entity in which BP held an equity interest. Until February 2025, they were under the full ownership and operatorship of the North Oil Company (NOC), a state-owned company under the Iraqi Ministry of Oil. In February 2025, Iraq awarded BP a contract to rehabilitate and redevelop the Kirkuk fields. This report presents our commercial base case for the redevelopment project starting in 2025. For historical development and production, please refer to the ‘North Oil Company operated assets’ report.
Table of contents
- Summary
- Key Issues
- Contractual term
- Post Contract
- Historical
-
Geology
- Field structure
- Main reservoirs
- Shiranish formation
- Qamchuqa formation
- Khasib formation
- Jeribe formation
- Other reservoirs
- Oil
- 1 more item(s)...
- Historical
-
Current
- Oil
- Gas and NGLs
- Emissions
- Wells
- Processing facilities
- Background information
- Oil
- Gas
- Capital costs
-
Operating costs
- Royalty
- Cost Recovery
- Remuneration
- Corporate income tax
- Cash flow
- Global Economic Model (GEM) file
- Gas price
Tables and charts
This report includes the following images and tables:
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Participation
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Table: Capital CostsTable: Operating CostsHydrocarbon CharacteristicsReservoir PropertiesTable: Well DataReserves (2P) at 01/01/2027Production (2026-2035)Kirkuk Fields (Baseline)Kirkuk Fields (DPC)
- 9 more item(s)...
What's included
This report contains:
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