Project Profile
Value: $2,000 Million
Startup Year: 2015
Upstream Oil Reserves: 1,658 million bbl
Upstream Daily Oil Production: 230,000 bbl
The project will see the development of the Qaiyarah and Najmah oil fields, which are located in Nineveh province in northern Iraq.
The Qaiyarah oil field has known reserves of 807 million barrels and a projected output of 120,000 barrels per day. There is currently no production at Qaiyarah.
The Najmah oil field has known reserves of 858 million barrels and a projected output of 110,000 barrels per day.
Operator:
Sonangol: Operator and 75% interest
Iraqi Oil Exploration Company (OEC): 25% interest