Angolan oil company Sonangol started work on Thursday at the Najma [Najmah] and Qaiyara [Qaiyarah] oil fields in Ninewa, and it will start to dig wells in April, according to a report from Aswat al-Iraq.
In the second licensing round in 2009, Sonangol was the only company to submit bids for these fields. In both cases, the company reduced it’s remuneration fee after further negotiations.
Qaiyarah has a plateau production target of 120,000 barrels per day, with known reserves of 807 million barrels, while Najma has a target of 110,000.
(Sources: Aswat al-Iraq, Ministry of Oil)