Sonangol to Start Work on Ninewa Oilfields

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)

An Angolan company started on Thursday working in Najma and al-Qaiyarah fields and will dig wells next April, a member of the Ninewa council said.
"The Sonangol started investing in al-Najma and al-Qaiyarah oilfields, south of Mosul, and will start digging well next April," Mohammad al-Juburi told Aswat al-Iraq news agency.
"The development of these two oilfields will contribute in boosting economy in Ninewa and raising the province's revenues," he added.
Angolan energy firm Sonangol had reached an agreement with Iraq over the Qaiyarah field in northern Iraq in 2009.
Sonangol was the only company to submit a bid on Qaiyarah, which is in Ninewa province in northern Iraq with projected output of 120,000 barrels per day.
There is currently no production at Qaiyarah, which has known reserves of 807 million barrels.
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