BP signs Lol to develop Kirkuk oilfield in Iraq

摘要

BP HAS ANNOUNCED that it has signed a Letter of Intent (Lol) with Iraq's federal government aimed at reviving Kirkuk oilfield. The deal, inked and confirmed by the UK oil and gas major and an Oil Ministry official, could give BP access to reserves in the north of Iraq. The UK oil and gas giant is expected to pump US$100mn over an 18-month period and will help Iraq's government assess the production in the oilfield.