Kuwait Energy makes new discovery in Block 9 Iraq
(MENAFN- Arab News) Kuwait Energy has announced that the consortium comprising Kuwait Energy (70 percent and operator) and Dragon Oil (30 percent) has made its second oil discovery at 'Block 9' in Iraq.
The successful discovery was at the consortium's second target the Yamama formation at 4000 meters in its Block 9 exploration well 'Faihaa-1' located in Northern Basra Iraq.
Preliminary tests of the Faihaa-1 Yamama formation resulted in oil flow rates of circa 5000 and 8000 barrels of oil per day of 35 API crude on 32'/64' and 64'/64' chokes respectively.
The consortium will conduct more detailed testing on Yamama toward the end of the year.
Sara Akbar CEO of Kuwait Energy 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 successful discovery was at the consortium's second target the Yamama formation at 4000 meters in its Block 9 exploration well 'Faihaa-1' located in Northern Basra Iraq.
Preliminary tests of the Faihaa-1 Yamama formation resulted in oil flow rates of circa 5000 and 8000 barrels of oil per day of 35 API crude on 32'/64' and 64'/64' chokes respectively.
The consortium will conduct more detailed testing on Yamama toward the end of the year.
Sara Akbar CEO of Kuwait Energy 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.'
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