ConocoPhillips acquires 42% interest in Kirkuk oil fields
The agreement with bp supports redevelopment of four producing fields in northern Iraq, expected to close by end of 2026.
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Independent exploration and production company
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In short: ConocoPhillips expanded its global footprint in Iraq and Syria while reporting first-quarter earnings and managing Middle East disruptions.
The agreement with bp supports redevelopment of four producing fields in northern Iraq, expected to close by end of 2026.
The project redevelops Albuskjell, West Ekofisk and Tommeliten Gamma with 11 wells and is expected to produce 90-120 million barrels of oil equivalents from 2028.
Reports earnings per share of $1.78, adjusted $1.89, $4.3B operating cash, declares $0.84 Q2 dividend. Updates production and capital guidance.
This kicks off a two-phase project growing production into 2027. It supports Surmont’s long-term production outlook.
The U.S. and Iran have paused strikes for three days after two weeks of renewed hostilities.
Iraq will begin discussions with a consortium including ConocoPhillips Co. COP on the exploration and development of the Akkas field and its surrounding areas, the...
ConocoPhillips (COP) logs 7 straight gains; shares up ~30% YTD. Details on BP Iraq stake deal, analyst & Quant ratings.
BP Plc said ConocoPhillips will acquire 42% of its stake in a venture that’s redeveloping Iraq’s gia...
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