The rights to develop the field were offered at the second auction round held by
Iraq’s Ministry of Oil. The winning consortium was led by JSC Gazprom Neft
including also Korea’s Kogas, Malaysia’s Petronas and Turkish TPAO. As an
operator, Gazprom Neft holds 30% in the project, Kogas 22.5%, Petronas 15%,
TPAO 7.5%, while the Iraqi Government represented by an Iraqi Oil Exploration
Company has a 25% stake in the project.