Basra Oil Co. moves Chevron project forward

Meeting on Thursday paves way for study of three fields as Iraqi officials envision larger role for Chevron.
Basra Oil Co. moves Chevron project forward
Basra Oil Company Director General Ihsan Ismaael (seated third from left) meets a delegation from Chevron in Basra on Aug. 16, 2018, to sign a confidentiality agreement that could pave the way for a deal to develop plans for three state-run fields. (JASSIM AL-JABIRI/Iraq Oil Report)

BASRA - The Basra Oil Company (BOC) and Chevron on Thursday agreed to terms of a confidentiality agreement that could see the U.S. oil giant study – and boost production from – the state-run Luhais, Tuba, and Subba fields.

BOC officials made the announcement following a meeting with Chevron, though they released few details. The broader deal appears to be similar in structure to the Oil Ministry's engagement with BP to study and generate development plans for Kirkuk-area fields.

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