Kuwait Energy

Kuwait Energy has started production from the Faihaa-2 well in the Block 9 concession of the Basra Governorate in southern Iraq. The well was spudded on 3 January, and production testing began on 23 September at an initial rate of 9,583 B/D of oil per day from the Yamama-A formation. Commercial production began on 1 October at a stabilized rate of 5,600 B/D. The company is the operator with a 60% revenue interest in the concession. Partners Dragon Oil (30%) and Egyptian General Petroleum (10%) hold the remaining interests.