25 September 2025
25 September 2025
Before production was halted, the Kurdish region had been producing around 500,000bpd.
The combined output exceeded the forecast by 2.6%, with an average daily production of 2.12mbbl of oil, NGL and condensate.
The concerns focused on the market for subsea umbilical, risers and flowlines, as well as the supply of pipe-laying vessels.
The consolidated agreement includes 12 development leases and three new exploration areas.
The agreement covers the supply of around 70bcm of LNG over the contract term.
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