By John Lee.

Sonangol has said it plans to increase production at its Najmah and Qayara oilfields to about 230,000 barrels per day (bpd).

The Angolan state oil company owns 75 percent of the oilfields, south of the city of Mosul, with estimated oil reserves of more than 1 billion barrels.

Output at Qayara is currently 40,000 bpd.

(Source: Reuters)

By John Lee.

Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] held a meeting with Edson Dos Santos, a director of Angolan oil company Sonangol, saying that he required the company to restart work in the Qayara and Najmah oil fields.

According to a statement from the Ministry of Oil, Edison said his company was ready to restart the work at the fields and to achieve the demanded targets.

Sonangol pulled out of these fields in 2014 due to security problems.

(Source: Ministry of Oil)

By John Lee.

Iraqi oil minister Jabar Ali al-Luaibi [Allibi] has told the Angolan oil company Sonangol to resume its work in developing the Qayara and Najmah oil fields in Nineveh governorate.

In 2010 Sonangol was granted a 75-percent stake in the fields, along with North Oil Company (25%), at a price of $6.00 per barrel, but it pulled out in 2014 following the invasion by the Islamic State group (IS, ISIS, ISIL, Daesh).

The fields have since been liberated from IS, and the fires at many of the oil wells have been extinguished.

At a meeting in Baghdad on Wednesday with Sonangol director Edson dos Santos, the Minister demanded that the company resumes work at the fields by the end of February.

(Source: Ministry of Oil)

By John Lee.

Iraq has reportedly put out fires at six more oil wells in the Qayara region, which Iraqi forces recaptured from the Islamic State group (Daesh, IS, ISIS, ISIL) last month.

But Reuters quotes the Iraqi oil ministry as saying on Tuesday that at least three fires are still blazing.

The wells had been sabotaged by IS militants before they fled.

The oil ministry does not expect to resume production in Qayara before the recapturing of Mosul.

The two main fields, Qayara and Najmah, used to produce 30,000 bpd of heavy sour crude before the takeover by Islamic State group. There is also a small refinery to process some of the oil.

(Source: Reuters)

By John Lee.

Angola’s Sonangol has decided to abandon its Qayara and Najmah oilfields in Nineveh province due to security problems.

Reuters reports that Anabela Fonseca, Sonangol board member in charge of international investments, told a news conference:

Our presence in Iraq was as an operator in an area with much conflict. Last year we were unable to develop any work due to security matters … and so we took the decision to leave.

The state-owned company won the right to operate the fields in 2009, taking a 75 percent stake. Reserves are estimated at about 800 million barrels for Qayara and 900 million for Najmah.

Earlier this month, the Ministry of Oil said it would not hold Sonangol to its committed schedule at the oilfields, as a result of the problems faced by the company.

(Sources: Reuters, Iraq Oil Report, Aswat al Iraq)