Kurdistan

In a deal described as possibly "one of the most important transactions BP has done in 20 years" by CEO Murray Auchincloss, the company has agreed contractual terms with the Iraqi government to invest in drilling and infrastructure to rehabilitate and boost production at the Kirkuk oil field.

The new 165-MW facility uses flare gas from the adjacent Sarqala field to generate power for local use.

New Sarta field well brings gross field production over 10,000 B/D of oil.