View Full Version : Dragon Oil Updates on Iraq Operations

Investors Iraq News
01-14-2015, 11:01 AM
By John Lee.
As part of its Drilling and Production Update this morning, Dragon Oil made the following statement about its operations in Iraq:
In December 2014, the consortium of Dragon Oil (30%) and Kuwait Energy (70% and operator) reported their second oil reservoir discovery at Block 9 in Iraq. The successful discovery was at the consortium’s second target, the Yamama formation at 4,000 meters, in the exploration well Faihaa-1.
Preliminary tests of the Faihaa-1 Yamama formation resulted in the oil flow rates of around 5,000 and 8,000 bopd of 35 API crude on 32″/64″ and 64″/64″ chokes, respectively.
The consortium’s strategy is to accelerate the evaluation of the Faihaa-1 discovery by drilling two appraisal wells in 2015 in order to fast track the development.
(Source: Dragon Oil)

Source: Iraq-BusinessNews.com. (http://www.iraq-businessnews.com/2015/01/14/dragon-oil-updates-on-iraq-operations-3/)

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