KBR Awarded Major Oil Development Contract in Iraq

Engineering firm to provide integrated field management services for Majnoon, one of the world's largest oil fields

Published on Feb. 23, 2026

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KBR, a global engineering and construction firm, has been awarded a major contract by Basra Oil Company to provide Integrated Field Management Services for the Majnoon Oil Field in southern Iraq. Majnoon is one of the world's largest oil fields, with estimated reserves of over 38 billion barrels. Under the contract, KBR will oversee upstream engineering, project and operations management, and maintenance services to enhance crude production, modernize field facilities, and implement advanced technologies to optimize reservoir performance.

Why it matters

This contract represents a significant win for KBR and highlights Iraq's efforts to develop its vast oil resources. The Majnoon field is a strategic asset for Iraq, and KBR's expertise in integrated field management could help boost production and efficiency at the site. The project also demonstrates Iraq's continued efforts to attract foreign investment and expertise to its oil and gas sector as it looks to rebuild its economy.

The details

Under the Integrated Field Management Services (IFMS) contract, KBR will provide a comprehensive suite of upstream engineering, project and operations management, and maintenance services for the Majnoon Oil Field. This includes subsurface drilling and reservoir engineering to ensure an integrated approach towards the development, operation, and maintenance of this key oil asset. KBR will also work to modernize field facilities and implement advanced AI and digital technologies to optimize reservoir performance in a safe and sustainable manner.

  • KBR announced the contract award on February 23, 2026.

The players

KBR

A global engineering, construction, and professional services firm that provides innovative solutions to customers in the energy, chemicals, government services, and civil infrastructure markets.

Basra Oil Company (BOC)

The state-owned oil company responsible for the development and production of oil and gas resources in the Basra region of southern Iraq.

Majnoon Oil Field

One of the world's largest oil fields, located in southern Iraq, with estimated reserves of over 38 billion barrels.

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What’s next

KBR is expected to begin mobilizing its resources and personnel to commence work on the Majnoon Oil Field project in the coming months.

The takeaway

This contract award highlights Iraq's continued efforts to attract foreign investment and expertise to develop its vast oil resources, which are crucial for the country's economic recovery and growth. KBR's selection for this transformative project demonstrates its strong capabilities in integrated field management and ability to deliver complex, large-scale projects in challenging environments.