Iraq aims to increase oil and gas production from the Kirkuk fields to approximately 500,000 barrels and 500 million cubic feet per day.
The Undersecretary for Extraction Affairs, Bassem Mohammed Khudair, said on Thursday that the strategic contract concluded by the Iraqi Ministry of Oil with the British company BP aims to increase the production capacity of oil and gas in the Kirkuk Governorate fields to reach about 500,000 barrels of crude oil per day, and 500 million cubic meters.
This came during his chairmanship today of the second meeting of the Joint Management Committee for the Kirkuk Fields Development Project, which is being implemented by the British company BP, and which was held at the headquarters of the North Gas Company, according to a statement issued by the Iraqi Ministry of Oil.
The statement said that the meeting witnessed a comprehensive discussion of the executive plans and programs for the project, which aims to develop four of the most important oil fields in Kirkuk Governorate (Jambur, Bai Hassan, Kirkuk, and Khabbaz).
Khodair explained that the strategic contract awarded to BP aims to raise production capacities to 450,000 barrels per day, and produce 500 million standard cubic feet of gas per day, in addition to closing the file on flared gas and achieving a qualitative leap in gas investment.
He pointed out that the project will provide ample job opportunities for the people of Kirkuk Governorate, and will contribute to revitalizing the work of local companies, improving the economic situation of the governorate, and supporting the national economy.
In conclusion, the Undersecretary stressed the need to strengthen teamwork between BP and the North Oil and North Gas companies, in order to achieve common goals according to the highest technical and environmental standards, and to enhance Iraq’s position in the global energy market.
According to a statement from the Ministry of Oil, the meeting discussed the 2026 budgets, the operating authority for the four fields, and ways to support the Ministry of Oil’s companies, including the Oil Exploration Company and the Iraqi Drilling Company, to ensure that work is carried out according to the specified timetables.
The meeting was attended by the General Manager of BP in Iraq, the General Manager of the North Oil Company, the General Manager of the North Gas Company, the General Manager of the Reservoirs and Field Development Department, the General Manager of the Legal Department, and the General Manager of the Technical Department, along with a number of specialists and experts from the British company and from the departments and companies of the Ministry of Oil.
In March 2025, the Iraqi Ministry of Oil signed a contract with the British company (BP) regarding the project to develop and produce the four oil fields in Kirkuk, namely: (Kirkuk with its two domes (Baba Wafana), Bai Hassan, Jambur, and Khabbaz).
Shafaq.com