Sterling exits Kurdistan PSC

摘要

Sterling Energy has left the Sangaw North Production Sharing Contract (PSC) in Kurdistan following poor seismic results. “Interpretation of the 2D seismic data acquired in the Sangaw North PSC during 2012 has indicated that the remaining potential is insufficient to justify drilling a second exploration well in the contract area. Therefore, the company has elected to withdraw from the Sangaw North PSC effective 29 January 2013,” said Sterling.