Kuwait Energy brings Faihaa-2 oil well online in Iraq
KUWAIT CITY -- Kuwait Energy has started production from the Faihaa-2 well in the Block 9 concession in southern Iraq.
The Faihaa 2 well was spudded on Jan. 3, with production testing commencing in September. On Oct. 1, the well began commercial production and has stabilized at a rate of 5,600 bopd.
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%.
