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Proved Reserves Beyond Low (LKO) and High (HKO) Known Oil

CG&A

Warning This article and series is specifically targeted for anyone involved or interested in oil and gas reserves reporting guidelines, methods, issues, calculations and pitfalls. Thus, the requirements are like the downdip limit in order to estimate that the updip volume also contains oil, rather than an associated gas cap.

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BP Signs Agreement for Kirkuk Oil Fields Development

Iraq Business News: Oil & Gas

The agreement, signed in Baghdad on Tuesday under the patronage of Prime Minister Mohammed Shia Al-Sudani, encompasses oil, gas, power and water development, with potential for future exploration investment. BP subsequently expects to form a standalone incorporated joint venture to hold its interests in the operator.

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