Kuwait Energy hits oil again in Iraq

kuwait energy-iraqDragon Oil holds 70 per cent and is the operator of Block 9 with Dragon Oil holding 30 per cent interest. (Image source: Wolfgang Schlegl/Flickr)Kuwait Energy has announced that its consortium has made its second oil discovery at Block 9 in Iraq

The exploration well Faihaa-1 struck oil in the Yamama formation at 4,000 metres in the block, which is located in northern Basra in Iraq.

Preliminary tests of the Faihaa-1 in the Yamama formation resulted in oil flow rates of circa 5,000 bpd and 8,000 bpd of 35º API crude on 32/64-inch and 64/64-inch chokes respectively.

Kuwait Energy CEO Sara Akbar said, “This is the second discovery in the first well drilled in Block 9, so we are delighted to have accomplished additional progress. We are confident that Block 9 has strong exploration potential.”

The consortium said that it would now conduct more detailed testing on Yamama formation.


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Kuwait Energy and Dragon Oil make oil discovery at Iraqi well

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