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Dragon Oil make second oil discovery at 'Block 9', Iraq


Published Dec 30, 2014
Dragon Oil in Iraq

Dragon Oil advises that Kuwait Energy, Dragon Oil's partner in Block 9, Iraq (Dragon Oil 30% interest), issued the following update on the exploration well, Faihaa-1, drilled in the block.

FAIHAA-1 WELL UPDATE

Kuwait Energy announces that the consortium comprised of Kuwait Energy (70% and operator) and Dragon Oil (30%) has made its second oil discovery at 'Block 9', Iraq.

The successful discovery was at the consortium's second target, the Yamama formation at 4,000 meters, 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.

Tags: Dragon Oil Plc




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