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Kuwait Energy starts oil output at Faihaa-2 well in southern Iraq

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Oilfield Technology,

Kuwait Energy plc (Kuwait Energy) has announced the commencement of production from Faihaa-2 well in the Block 9 concession situated in the Basra Governorate, in Southern Iraq.

The Faihaa 2 well was spud on 3 January 2016, with production testing commencing on 23 September 2016 at 52/64 in. choke size at an initial rate of 9583 bpd from the Yamama-A formation. On 1 October 2016, the well started commercial production at 36/64 in. choke size and has stabilised at rate at of 5600 bpd.

Sara Akbar, CEO of Kuwait Energy, said:

“We are proud to announce we have begun production from the Faihaa-2 well in Block 9, Iraq. This accomplishment demonstrates Kuwait Energy’s expertise, skills and our ability to execute these projects efficiently and successfully. Our strong partnerships with the Iraqi Ministry of Oil, South Oil Company (SOC) and our partners was critical in achieving this milestone.”

Kuwait Energy holds a 60% revenue interest and is the operator of the Block 9 concession, while Dragon Oil holds 30% and the Egyptian General Petroleum Corporation holds 10%.

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