The consortium comprised of Kuwait Energy (70% and operator) and Dragon Oil (30%) has made its first oil discovery at Block 9 in Iraq, the company said in a press release.
The successful discovery was at the consortium’s first target, the Mishrif Formation at 2,700 m (8,858 ft) in its Block 9 exploration well Faihaa-1, located in Northern Basra, Iraq.
Preliminary tests of the Faihaa-1 Mishrif Formation resulted in a flow rate of about 2,000 bbl/d of oil. The consortium will conduct more detailed testing on Mishrif toward the end of the year.
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