HKN Energy has reached a key milestone in the development of Iraq’s Hamrin oil field after finalizing technical terms with the Ministry of Oil (MOO), advancing the project toward a full field development contract.
The agreement was concluded in Kirkuk at the headquarters of the North Oil Company (NOC) and builds on the Heads of Agreement signed in July 2025 between HKN and the Iraqi government. The new technical terms outline the framework for increasing production and improving operational efficiency at Hamrin, one of the region’s underdeveloped assets.
“This achievement marks an important step toward a contract between HKN and the Government of Iraq,” said Srood Mukhtar, Vice President of HKN Energy. “We look forward to quickly concluding contract negotiations to deliver a project that strengthens Iraq’s energy capacity and directly benefits its people.”
HKN plans to deploy U.S. technical expertise, equipment, and investment once a full contract is signed, with the objective of rapidly bringing new barrels online. The Texas-based company holds the largest energy investments of any privately held firm operating in Iraq and has been expanding its footprint across the country’s upstream sector.
The Hamrin agreement comes as Iraq continues to pursue partnerships aimed at boosting domestic production capacity, modernizing brownfield assets, and improving operational reliability across aging northern fields.
