Kuwait Energy has reported the commencement of oil production from the Faihaa-2 well located in the Block 9 concession of Basra Governorate in Southern Iraq.
Production testing at the well started on 23 September at 52/64 inch choke size at an initial rate of 9,583 barrels of oil per day (bopd) from the Yamama-A formation.
Earlier this month, the well commenced commercial production at 36/64 inch choke size and has stabilised at a rate of 5,600bopd.
Kuwait Energy CEO Sara Akbar said: “We are proud to announce we have begun production from the Faihaa-2 well in Block 9, Iraq.
“Our strong partnerships with the Iraqi Ministry of Oil, South Oil Company (SOC) and our partners was critical in achieving this milestone.” "This accomplishment demonstrates Kuwait Energy’s expertise, skills and our ability to execute these projects efficiently and successfully.
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%.
Kuwait Energy is an independent oil and gas company actively involved in the exploration, appraisal, development and production of hydrocarbons.
Kuwait Energy’s MENA portfolio comprises ten oil and gas assets across Egypt, Iraq, Yemen and Oman, seven of which it operates.