Sterling Energy withdraws from Sangaw North PSC in Kurdistan

Sterling Energy announced Friday its decision to withdraw from the Sangaw North PSC oil field in Kurdistan after 2D seismic data indicated the remaining potential was insufficient to justify drilling a second exploration well.

Sterling Energy announced Friday its decision to withdraw from the Sangaw North PSC oil field in Kurdistan after 2D seismic data indicated the remaining potential was insufficient to justify drilling a second exploration well.

The oil company - focused on operations in Africa and the Middle East - said it abandoned the area on Tuesday following interpretation of the data.

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