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Sterling Energy withdraws from Kurdistan
- Iraq: Monday, February 04 - 2013 at 05:18
UK-based oil company with interests in Africa and the Middle East, Sterling Energy has withdrawn from the Sangaw North production sharing contract signed in November 2007 with the Kurdistan Regional Government of Iraq (KRG). The AIM-listed firm said that interpretation of the 2D seismic data acquired in the block last year has indicated that the remaining potential is insufficient to justify drilling a second exploration well in the contract area.
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