ConocoPhillips Reaches Agreement Supporting Redevelopment Of Producing Oil Fields In Iraq
COP•Agreement to support Iraq oil field redevelopment
July 17 (Reuters) - ConocoPhillips COP.N:
- ConocoPhillips reaches agreement supporting redevelopment of producing oil fields in Iraq
- ConocoPhillips to buy 42% interest in BP Energy Company of Kirkuk
- Agreement expected to be signed during Iraqi prime minister's U.S. visit
- Contract includes over 3 billion barrels of oil equivalent in recoverable resources
- Deal expected to close by end of 2026 with effective date July 1, 2026
- BP ECKL holds development contract for five oil fields in Iraq
- Transaction is expected to close by end of 2026
