Sonangol takes Najmah
Sonangol, the sole bidder, takes Najmah oil field for a $6 per barrel remuneration fee and a production target of 110,000 barrels per day. The Najmah field is located in Nineveh province, in between Mosul and Baiji. It was discovered in 1934 and has 33 wells drilled thus far with an estimated 900 million barrels […]BAGHDAD - Sonangol, the sole bidder, takes Najmah oil field for a $6 per barrel remuneration fee and a production target of 110,000 barrels per day.
The Najmah field is located in Nineveh province, in between Mosul and Baiji. It was discovered in 1934 and has 33 wells drilled thus far with an estimated 900 million barrels of proven reserves.
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