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. 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.