Kuwait Energy Starts Oil Output at Faihaa-2 Well in Basra

Source: Reuters 10/13/2016, Location: Middle East

Kuwait Energy Plc said that it had started commercial oil production at the Faihaa-2 well in the Block 9 concession of Basra governorate in southern Iraq.

Production has stabilised at 5,600 barrels per day, the company said, adding that it held a 60 percent revenue interest in the Block 9 concession while Dubai-based Dragon Oil owned 30 percentg and Egyptian General Petroleum Corp held 10 percent.


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