The consortium comprised of Kuwait Energy (70% and operator) and Dragon Oil (30%) has made its second oil discovery at Block 9 in Iraq, Kuwait Energy said in a news release.
The discovery was at the consortium's second target, the Yamama formation at 4,000 m (13,123 ft), in its Block 9 exploration well, Faihaa-1, located in Northern Basra in Iraq, the release said.
Preliminary tests of the Faihaa-1 Yamama formation resulted in oil flow rates of between 5,000 bbl/d and 8,000 bbl/d of 35 API crude on 32/64-in. and 64/64-in. chokes, respectively.
The consortium will conduct more detailed testing on Yamama toward the end of the year.
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