Gazprom Neft, the oil-focused arm of Russia’s state gas giant, has hiked its KRG output by 40%. But at just over 7,000 b/d its Sarqala field is hardly a game-changer. Despite the fanfare that accompanied the majors’ entry to Kurdistan a few years ago, Sarqala is the sole producing asset from any of them. Total has now exited entirely, while Chevron and ExxonMobil have downsized. 

Total has closed the chapter on its KRG adventure, confirming in its 2016 report that it has...