Kuwait Energy has announces that its consortium has made its second oil discovery in Block 9, Iraq.
The successful discovery was at the consortium’s second target, the Yamama formation at 4,000m, 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 5,000 and 8,000 BOPD of 35 API crude on 32”/64” and 64”/64” chokes respectively.
The consortium will conduct more detailed testing on Yamama towards the end of the year.
“This is the second discovery in the first well drilled in Block 9, so we are delighted to have accomplished additional progress,” Sara Akbar, CEO of Kuwait Energy, said.
“We are confident that Block 9 has strong exploration potential.”
The consortium is comprised of Kuwait Energy (70% and operator) and Dragon Oil (30%).
