Iraq/Kuwait: Kuwait Energy Announces Second Oil Find in Iraq

Dec 25, 2014 | Trade Arabia
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Kuwait Energy, an independent oil and gas exploration and production company, said a consortium led by the company, has made its second oil discovery in Iraq.

Kuwait Energy has announced that the consortium comprising Kuwait Energy (70 per cent and operator) and Dragon Oil (30 per cent) has made its second oil discovery at 'Block 9' in Iraq.

The successful discovery was at the consortium's second target, the Yamama formation at 4,000 m, in its Block 9 exploration well, ‘Faihaa-1’, located in Northern Basra, Iraq, said a statement from Kuwait Energy.