Kuwait Energy has announced the commencement of production from the Faihaa-2 well in the Block 9 concession. in Basra Governorate.
The Faihaa 2 well was spudded on 3 January 2016, with production testing commencing on 23 September 2016 at 52/64 inch choke size at an initial rate of 9,583 barrels of oil per day (bopd) from the Yamama-A formation.
On 1 October 2016, the well started commercial production at 36/64 inch choke size and has stabilized at rate at of 5,600 bopd.
Sara Akbar (pictured), 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 (EGPC) holds 10%.