Oil: 85% of the staff working on BP contract will be Iraqi

INA – BAGHDAD

The Ministry of Oil clarified on Monday the information of the settlement with BP to develop the Kirkuk fields.

The Ministry said that “the agreement will growth production from the fields to 420,000 barrels according to day, it confirmed that 85% of the team of workers running underneath the contract will be Iraqi,” stated the Undersecretary of the Ministry for Extraction Affairs, Bassim Muhammed Khudair, to the dinaropinions.com.

“The contract with British Petroleum – BP to expand and convey 4 oil fields in Kirkuk Governorate, which changed into lately signed underneath the auspices of PM Muhammed S. Al-Sudani, is a brand new achievement for the Ministry of Oil. An agreement became reached after months of negotiations to rehabilitate and increase the Kirkuk fields at its two domes (Baba and Avana), Bai Hassan, Jambur, and Khabbaz,” he defined.

Khudair noted, “those fields presently produce approximately 308,000 barrels consistent with day, and production is expected to reach 420,000 barrels consistent with day on a sustainable foundation for 8 years. The agreement extends for 25 years, extendable for an additional 5 years.”

“The agreement also includes the exploitation of associated fuel from those fields, with a capability of up to 400 million general cubic feet in step with day, for sixteen years. BP will adopt the assessment, rehabilitation, and enlargement of the North gas agency’s facilities, contributing to gas exploitation and reducing the percentage of flared fuel,” he introduced.

He highlighted that “there may be a contractual clause permitting negotiations with BP concerning the exploration of some areas among these fields, that is situation to future negotiations between the two events. The assignment includes supplying social services to the encircling areas, further to using lots of Iraqi people and assisting nearby agencies, as well as imposing a training program to increase countrywide engineering and technical cadres in cooperation with the North Oil and North gasoline corporations.”

“BP, which has labored in the Rumaila subject for the reason that 2010, has significant understanding of the capabilities of Iraqi cadres, which recommended it to conclude this settlement to expand the Kirkuk fields. about eighty five% of the project’s workforce may be Iraqi, at the same time as the remaining 15% can be overseas experts, with paintings to be performed. This percent can be gradually decreased with the aid of changing it with Iraqi talent,” he mentioned.

regarding the specializations required to paintings at the undertaking, Khudair defined that “the basic needs consist of petroleum and chemical engineers and graduates of relevant technical institutes,” stressing that “employment of employees will be thru local groups working in the project.”

“BP is dedicated to building a 400-megawatt power plant, to be able to make contributions to strengthening the electricity infrastructure within the vicinity,” he burdened.

Khudair emphasised that “Iraq is happy with its countrywide talent, in an effort to play a distinguished position in imposing this assignment, by way of international first-rate practices, ensuring the success of the desired desires of the united states of america’s oil and gasoline zone.”

in advance, PM Al-Sudani backed the signing of a settlement with British Petroleum to develop and increase manufacturing from the 4 Kirkuk fields.