BP is hunting for a partner to boost output and split development costs at Iraq’s Kirkuk oil field, one of the region’s oldest, Bloomberg News reported Feb. 5, citing insiders. The search for investors is ongoing, with any deal potentially pushing into next year, the report added. BP declined to comment. The Kirkuk redevelopment deal is far from minor. Last year, a senior Iraqi oil official told Reuters that BP might pour in $20 billion to $25 billion over more than 25 years under a profit-sharing arrangement. This setup would allow BP to recoup costs before splitting profits from increased output, targeting a boost to at least 450,000 barrels per day within two to three years, up from roughly 300,000 bpd. The official also highlighted this as Iraq’s second big pact with a foreign oil giant in as many years, following a $27 billion TotalEnergies project in Basra.