Sonangol returns to Qayarah and Najmah
Angolan firm re-starts 2010 contracts to develop fields south of Mosul, following four-year absence after Islamic State group's invasion.
Iraqi Oil Minister Jabbar al-Luiebi (right) meets in his office with Edson dos Santos, executive administrator of Sonangol, on Jan. 10, 2017. (Source: Oil Ministry press office)
Sonangol will begin development of two oil fields 80 kilometers south of Mosul, four years after declaring force majeure due to rampant security problems followed by the rise of the self-proclaimed Islamic State (IS) group.
The Angolan state firm officially took back operatorship of the fields in a Feb. 1 handover ceremony at the state-run North Oil Company (NOC) and set a 2021 production target date, according to an official with knowledge of the meeting.
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