BP in oil and gas talks across the Middle East
26 November 2024
Register for MEED's 14-day trial access
UK-headquartered BP is engaged in oil and gas talks with countries across the Middle East as it looks to boost upstream production, according to the company’s chief executive, Murray Auchincloss.
Speaking at a conference in London, he said: “We’re back accessing the Middle East.”
He added: “We’re in advanced conversations in Iraq and we continue to talk to Abu Dhabi, Oman, Kuwait, Iraq – for further opportunities … let’s see how we do in those places.”
Commenting on the country’s potential return to the Kirkuk region in northern Iraq, he said: “I hope we come to an agreement with the nation fairly soon. I would like to see that by the end of February, but let’s see how that goes.
“It’s five domes, 20 billion barrels yet to produce [and] very competitive terms internationally now – and a government that is going to work with you and a much-stabilised security situation as well.”
In August, BP signed a memorandum of understanding (MoU) with the government of Iraq to develop oil fields in the Kirkuk region.
At the time, BP said that it had signed a non-binding agreement to “negotiate a material integrated redevelopment programme for the Kirkuk region”.
It said the scope of work would include oil and gas investment, power generation and solar, and “wider exploration activities”.
Plans in Iraq
The MoU signed for Kirkuk includes the Baba and Avanah domes and three adjacent fields – Bai Hassan, Jambur and Khabbaz – in Federal Iraq, which are operated by Iraq’s North Oil Company (NOC).
In its statement, BP said: “Rehabilitation of existing facilities, where required, and the construction of new facilities – including gas expansion projects – together with a drilling programme at the Kirkuk fields, has the potential to stabilise production and reverse decline, returning production from this nationally important oil field to a growth path.
“The integrated redevelopment programme has the potential to bring opportunity and investment into the Kirkuk region – unlocking future downstream growth while also bringing tangible benefits to the local population, with job creation and local supply requirements.”
In 2020, BP pulled out of Iraq’s giant Kirkuk oil field after its $100m exploration contract expired with no agreement on the field’s expansion, dealing a blow to Iraq’s hopes of increasing its oil output.
The move came as Western energy companies reassessed their operations in Iraq amid political turmoil following months of anti-government protests and a flare-up in tensions between the US and Iran in the country.
The UK-headquartered oil company’s 2013 service contract expired at the end of 2019.
Kirkuk was discovered in 1927 and marks the birthplace of Iraq’s oil industry. BP and Iraq’s Oil Ministry signed the letter of intent to study the development of the field in 2013, with a planned spending of $100m.
BP’s work included a three-dimensional seismic study of the field’s reservoir to expand on the existing 2D data.
BP already has a 50% stake in Iraq’s Rumaila oil field near the southern border with Kuwait, where it has operated for over a century.
Kuwait investments
The London-based company is also considering investing in Kuwaiti fields. In March 2016, BP signed a framework deal with state-owned Kuwait Petroleum Corporation (KPC), paving the way for joint investment and increased cooperation on oil and gas projects.
A statement released by BP at the time said both companies had agreed “to explore possible joint opportunities for investment and cooperation in future oil, gas, trading and petrochemicals ventures”.
The agreement involves collaborating on enhancing oil and gas recovery from Kuwait’s existing resource base.
It includes cooperation on studying opportunities for joint investment in future hydrocarbons exploration both inside Kuwait and globally, as well as possible future trading deals, including trading liquefied natural gas (LNG).
Cooperation on midstream and petrochemicals projects will also be covered by the deal, including potentially deploying BP’s proprietary paraxylene technology as part of KPC’s chemicals schemes.
BP was one of the founders of the original Kuwait Oil Company (KOC), which first discovered oil at Kuwait’s Burgan field in 1938.
In 1992, BP was the first oil company to be invited by the Kuwaiti government to assist in the redevelopment of Kuwait’s oil industry.
BP currently participates in the Greater Burgan field, which accounts for about 50% of Kuwait’s total output.
It participates through an enhanced technical service agreement (ETSA) with KOC, under which it provides support to sustain production, develop capabilities and deploy new technologies.
In 2018, BP signed a five-year technical services agreement with Kuwait Integrated Petroleum Industries Company (Kipic) to develop and implement an operational readiness programme for the Al-Zour refining complex and LNG terminal – some of the largest capital projects in Kuwait.
The oil refining facility reached mechanical completion in 2021. However, several factors prolonged the commissioning phase, including the Covid-19 pandemic and related measures designed to reduce the spread of the virus.
In May this year, Kuwait inaugurated the Al-Zour refinery with a ceremony to mark its completion.
The $2.9bn Al-Zour LNG facility came online in July 2021.
Expansion in Oman
In Oman, production from phase one of Block 61, Khazzan, started in 2017. In October 2020, production from phase two, Ghazeer, started ahead of schedule.
Combined, Khazzan and Ghazeer produce 1.5 billion cubic feet of gas a day and more than 60,000 barrels a day of associated condensate.
BP has been an investor in Abu Dhabi since 1939. It has partnerships in oil and LNG in Abu Dhabi and has a lubricants, aviation fuel and trading businesses that is managed from Dubai.
In Abu Dhabi, BP’s interests include joint-venture partnerships with Abu Dhabi National Oil Company (Adnoc) and shareholdings in Adnoc Onshore (BP’s share is 10%); Adnoc LNG (BP’s share is 10%); and the National Gas Shipping Company (BP’s share is 10%).
Before becoming the CEO of BP, Auchincloss was interim CEO from September 2023 to January 2024 after the sudden resignation of Bernard Looney due to failing to reveal relationships with colleagues.
In October, it was reported that BP had abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scaled back the firm’s energy transition strategy to regain investor confidence.
Exclusive from Meed
-
Contractors compete for Riyadh airport Terminal 6 work2 November 2026
-
Contractors prepare bids for Morocco power line2 November 2026
-
Adnoc Onshore allows more time for Bab gas cap well tie-in bids2 November 2026
-
Gulf ministers insist Hormuz is still essential2 November 2026
-
Bahrain’s Gateway Gulf brings $20bn of deals2 November 2026
All of this is only 1% of what MEED.com has to offer
Subscribe now and unlock all the 153,671 articles on MEED.com
- All the latest news, data, and market intelligence across MENA at your fingerprints
- First-hand updates and inside information on projects, clients and competitors that matter to you
- 20 years' archive of information, data, and news for you to access at your convenience
- Strategize to succeed and minimise risks with timely analysis of current and future market trends
Related Articles
-
Contractors compete for Riyadh airport Terminal 6 work2 November 2026

Contractors are preparing bids for the main construction contract for Terminal 6 at King Salman International airport (KSIA) in Riyadh.
MEED understands that the consortiums have been given until January to submit their proposals.
The participating consortiums are:
- Al-Gihaz Holding / TAV Construction / Webuild (local/Turkiye/Italy)
- Modern Building Leaders / Powerchina / Metallurgical Corporation of China (loca/China/China)
- UCC Holding / Consolidated Contractors Company (Qatar/Greece)
Last month, MEED exclusively reported that contractor teams have completed the early contractor involvement phase of the project.
Under the completed phase, the shortlisted teams submitted detailed construction methodologies and technical design proposals.
King Salman International Airport Development Company (KSIADC) is a subsidiary of Saudi sovereign wealth vehicle the Public Investment Fund.
Terminal 6 is planned to boost the airport’s annual capacity by 40 million passengers. KSIADC aims to complete the terminal ahead of Expo 2030 Riyadh.
In May 2025, MEED reported that US-based Bechtel had been appointed as delivery partner for the passenger terminals at KSIA.
UK-based Foster + Partners designed the masterplan, including the terminals, six parallel runways and a multi-asset real estate district.
US-based engineering firm Jacobs is providing specialist consultancy services for the masterplan and runway design, while UK-headquartered Mace is acting as delivery partner for the broader development. Local firm Nera secured the airspace design consultancy contract.
The KSIA project covers about 57 square kilometres (sq km) and incorporates the existing terminals at King Khalid International airport. The scheme will feature 12 sq km of airport support facilities, residential and recreational zones, retail assets and logistics parks.
The development is targeted to handle up to 120 million passengers a year by 2030 and 185 million passengers by 2050, in addition to an annual cargo throughput of 3.5 million tonnes by 2050.
https://image.digitalinsightresearch.in/uploads/NewsArticle/21087339/main.jpg -
Contractors prepare bids for Morocco power line2 November 2026

Contractors are preparing bids for a 160-kilometre (km), 400kV transmission line linking Guercif and Fes East in Morocco, following a site visit on 1 October.
The project is being developed by the Office National de l'Electricite et de l'Eau Potable (Onee) to connect the Saka solar photovoltaic power plant to the national electricity grid.
According to sources, at least eight contractors attended the site visit last month, including:
- Butec (Lebanon)
- CEEC Northeast Electric No.2 (China)
- Cegelec (France)
- EPME Electric (Morocco)
- Hideleco (Egypt)
- Kec International (India)
- PowerChina (China)
- Transrail (India)
The project comprises two lots. The first involves a 90km transmission line between Guercif and Taza, while the second covers a 70km section between Taza and Fes East.
The scope of work includes the construction of tower foundations, installation of transmission supports and conductors, and associated high-voltage equipment. It also includes optical fibre cables for communications and monitoring, access roads and other supporting infrastructure.
The tender was issued in September with bids originally due by 21 October. The deadline has now been extended to 25 November.
The project is part of a wider programme by Onee to expand Morocco's electricity transmission network and accommodate additional renewable energy capacity.
In June, the utility commissioned a 274km, 400kV transmission line linking Chemaia and Mediouna, near Casablanca.
Onee plans to expand its high- and extra-high-voltage transmission network from more than 30,700km to 37,000km by 2030.
In August, it approved a $26.4bn investment programme for the 2026-30 period, covering electricity and drinking water infrastructure.
The programme has allocated about $21.9bn to electricity projects and $4.5bn to drinking water infrastructure, with about 72% of the investment to be financed by the private sector, according to Onee.
https://image.digitalinsightresearch.in/uploads/NewsArticle/21083507/main1257.jpg -
Adnoc Onshore allows more time for Bab gas cap well tie-in bids2 November 2026

The onshore business of Abu Dhabi National Oil Company (Adnoc Onshore) has allowed contractors more time to prepare proposals for a project to tie in gas-producing and injection wells at the gas cap reservoirs of Abu Dhabi’s onshore Bab field.
The well tie-in scope, estimated to be worth more than $800m, forms part of Adnoc Group’s wider integrated Bab gas cap development programme.
The overall programme is being led and overseen by Adnoc Gas, another Adnoc Group subsidiary. Its central element is the construction of gas-processing infrastructure to handle incremental gas output expected from developing the Bab gas caps.
Adnoc Onshore issued the main tender for engineering, procurement and construction (EPC) works on the project in late September, MEED previously reported.
Contractors have been given until 16 November to submit technical bids for the project, according to sources. The previous deadline was 29 October.
MEED previously reported that Adnoc Onshore issued an expressions of interest (EoI) notice for the Bab gas production and injector well tie-in project on 13 May, with contractors submitting responses by 20 May.
The scope of work on the project covers the following:
- Tie-in of 99 new wells from Bab gas cap reservoirs KH-2, SH-1 and LK-1 (60 gas producers and 39 gas injectors);
- Installation of well gathering structures: 10 gas pads, six well bays and three virtual pads;
- Installation of a gas gathering network and a gas injection network;
- Rerouting of the LK-3 production from the existing trunkline in Remote Manifold Station 3 (RMS-3) to the project’s production trunkline, Bab Gas TL-2;
- Demolition of the existing 10-inch trunkline from RMS-3 to onshore gas development phase one.
In the EoI document, Adnoc Onshore said it intends to award the EPC contract in the last quarter of the year, with a 45-month duration of works.
Bab gas cap project infrastructure
As part of its 2030 upstream production increase goals, Adnoc Group is working to extract gas from four underdeveloped gas cap reservoirs at the Bab onshore field development – Thammama A, Thammama B, Thammama F and Thammama H.
While the Thammama A, B and H reservoirs are estimated to collectively produce 1.45 billion cubic feet a day (cf/d) of gas, output from the Thammama F gas cap is expected to be at a rate of 396 million cf/d.
Existing trains at the Habshan processing complex in Abu Dhabi will be unable to handle the new gas volumes. Therefore, Adnoc Gas is required to build new facilities to process an additional volume of up to 1.85 billion cf/d of raw gas.
Adnoc Gas is planning to build a gas processing plant in the Bab area, about 170 kilometres from Abu Dhabi, along with associated pipeline networks and other ancillary units, as part of the broader Bab gas cap development project. It has divided the EPC scope of work on the project into four packages:
- EPC package 1 – Main Bab gas cap plant
- EPC package 2 – Early civil works
- EPC package 3 – Pipelines
- EPC package 4 – Non-process area works
Abu Dhabi Securities Exchange-listed Adnoc Gas issued the tender for the main Bab gas cap plant on 25 June and set an initial deadline of 17 July for contractors to submit technical bids. The company then extended the technical bid submission deadline by four months, until 16 November, MEED previously reported.
Following a reshuffle of the consortiums gearing up to bid for the main Bab gas plant EPC package, estimated to be worth more than $6bn, the following teams have formed to compete in the main contract tendering round:
- Larsen & Toubro Energy Hydrocarbon (India) + Petrofac Emirates (UAE)
- Technip Energies (France) + JGC Corporation (Japan) + Sinopec (China)
- Tecnimont (Italy) + China Petroleum Engineering and Construction Corporation (CPECC)
The other three packages of the Bab gas cap project are also in the main contract tendering stages.
Prior to issuing the EoIs for the project packages, Adnoc Gas completed an early engagement process with contractors in September and October last year, as MEED previously reported.
In December last year, Adnoc Gas awarded the front-end engineering and design (feed) works for the development project to Australia-based consultancy Worley. The feed contract has a duration of more than 1.2 million man-hours, making it the largest-ever engineering job awarded by Adnoc Gas.
Bab Gas Cap concession
In addition to Adnoc Gas overseeing the main EPC tendering exercise for the gas processing plant, Abu Dhabi’s Supreme Council for Financial and Economic Affairs (SCFEA) awarded concession agreements in June for the development and production of the Bab gas cap reserve.
Adnoc will hold the majority 60% participating interest in the concession. The remaining stakes will be held by France’s TotalEnergies (10%), the UK’s BP (10%), China National Petroleum Corporation International (8%), Japan Oil Development Company Onshore (5%), China ZhenHua Oil (4%) and Korea GS E&P (3%).
According to the SCFEA, the Bab gas cap development and production concession represents the largest gas cap development project of its kind globally, the Abu Dhabi Media Office said in a report.
A gas cap refers to the free natural gas that sits above an underlying oil reservoir – in this case, the Bab onshore oil field in Abu Dhabi.
The project, operated by Adnoc Onshore, is expected to have a production capacity of approximately 1.5 billion cf/d of natural gas, equivalent to about 15% of Adnoc Gas’ total operational gas processing capacity.
https://image.digitalinsightresearch.in/uploads/NewsArticle/21083343/main.jpg -
Gulf ministers insist Hormuz is still essential2 November 2026
Register for MEED’s 14-day trial access
Senior Gulf officials have rejected suggestions that new pipelines and rail links will allow the region to do without the Strait of Hormuz, arguing that the waterway will remain essential to the GCC and the global economy.
Speaking at the Gateway Gulf investment forum in Manama on 1 November, GCC secretary-general Jasem Mohamed Albudaiwi said keeping the strait open is the responsibility of the international community, not of any one country or group of partners. "We hear some voices that maybe we should seek alternatives to Hormuz," he said. "Fine, we will get the pipelines. We will get the GCC railway. But that doesn't mean Hormuz is nobody's business."
Albudaiwi called for the strait to remain open in line with international law, including the 1982 UN Convention on the Law of the Sea.
Shipping through the strait has been severely restricted since the US and Israel launched strikes on Iran on 28 February and Iran retaliated with attacks on GCC states and commercial vessels.
Bahrain's Finance & National Economy Minister, Sheikh Salman Bin Khalifa Al-Khalifa, said building redundancy makes sense, but treating the strait as dispensable does not. He said the waterway carries 30% of global liquefied natural gas (LNG) exports, 20% of aluminium exports and 30% of fertiliser exports. "Any thinking about the alternative of Hormuz, as in we won't need it, is illogical, because we will need it for the world economy," he said.
UAE Economy & Tourism Minister Abdulla Bin Touq Al-Marri said that "Hormuz matters, and Hormuz will keep mattering", adding that an economy dependent on a single trade route is exposed if that route closes.
Sheikh Salman said the crisis has compressed years of GCC customs negotiations into weeks. During the conflict, containers cleared at Jeddah with final destinations in Bahrain or Kuwait moved on without further checks, and the same applied to cargo routed through Salalah and Fujairah, he said. GCC ministers have since agreed to make these emergency measures permanent.
He also cited Gulf Air operating out of Saudi airports for more than 40 days without a written agreement, and a $5bn swap between the UAE and Bahraini central banks to stabilise currencies.
Bin Touq said the bloc should use 2027 and 2028 to push through reforms, including removing remaining customs barriers between member states.
Albudaiwi said GCC leaders meeting in Jeddah on 28 April had tasked the secretariat with advancing water connectivity, expanding the GCC electricity grid, planning new logistics infrastructure including ports, accelerating the GCC railway and enhancing oil and gas pipeline links.
https://image.digitalinsightresearch.in/uploads/NewsArticle/21080732/main4958.jpg -
Bahrain’s Gateway Gulf brings $20bn of deals2 November 2026
More than 110 announcements worth over $20bn will be made at the Gateway Gulf Investment Forum in Bahrain, according to the country's finance minister.
"Over the next two days at Gateway Gulf, more than 110 announcements worth over $20bn will be made," Sheikh Salman Bin Khalifa Al-Khalifa, Finance & National Economy Minister, said at the opening of the forum's fourth edition on 1 November in Bahrain.
He said the announcements will cover new partnerships, investments, projects and jobs. Sheikh Salman addressed an audience that included Bahrain's Crown Prince and Prime Minister, Prince Salman Bin Hamad Al-Khalifa.
The minister said the region's economies have been "tested as never before" since the previous edition of the forum a year earlier.
"In the face of unprecedented attacks, we did not waver," he said. He added that Bahrain has chosen to work more closely with its allies and partners to defend what it has built.
Sheikh Salman said the Gulf economy has grown to $2.4tn in GDP. Non-oil sectors account for more than 86% of Bahrain's GDP and more than 77% across the Gulf, he said.
He said Gulf banks hold more than $4tn in assets, while the region's sovereign wealth funds manage more than $5tn of investments. "These numbers describe a region that has chosen to build a more stable, a more prosperous future for its people," he said. "Bahrain is the gateway to that region."
The minister said Bahrain is focusing on regulation, infrastructure and people to attract investment.
He said the country has developed a regulatory framework over several decades that is "clear, modern and fast", allowing investors to commit with confidence.
On infrastructure, he highlighted logistics, connectivity, digital networks and industrial land as areas where Bahrain is building the foundations for businesses to expand. He also named finance, logistics, tourism, manufacturing, technology and telecommunications, and oil and gas as the sectors into which he expects domestic, regional and international capital to flow.
He said the investments will create jobs for young graduates and support the growth of family businesses.
https://image.digitalinsightresearch.in/uploads/NewsArticle/21080593/main2015.jpg