Kuwait Energy has announced that the consortium comprising Kuwait Energy (70 percent and operator) and Dragon Oil (30 percent) has made its first oil discovery at Block 9, Iraq.
The successful discovery was at the consortium's first target, the Mishrif formation at 2,700 meters, in its Block 9 exploration well, Faihaa-1, located in Northern Basra, Iraq.
Sara Akbar, CEO of Kuwait Energy, said: “This is the first well drilled in our planned high-impact exploration campaign on Block 9, so we are delighted to have made a discovery so quickly.”
Kuwait Energy makes first oil discovery in Block 9, Iraq
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