Project Profile
Estimated Value: US$150 - US$250 million (estimate)
Completion Year: 2013
Area: 492 square Kilometres.
Location: Kurdistan, Iraq
The Sangaw North Block is in a highly prospective area around 50 kilometres south-east of the giant Kirkuk oilfield and on trend with the major Taq Taq and Chemchemal oil and gas discoveries. The block covers about 492 square kilometres. The Sangaw North contains a large surface anticline with the possibility of multiple reservoir targets, in common with many existing fields in the area, making it an attractive area for exploration.
In 2012 Korea National Oil Corporation (Knoc) decided to quit the Sangaw North block in Iraqi Kurdistan, where it held a 20% stake, a year after the only probe on the block yielded sub-commercial flow test rates. Then in 2013 the UK’s Sterling Energy also withdrew from the block.
Operators:
Addax Petroleum (Sinopec)