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Kuwait Energy commence oil production from Faihaa-2 in Basra

KUWAIT, Oct 13 (KUNA) -- Kuwait Energy plc (Kuwait Energy) announced the commencement of production from Faihaa-2 well in the Block 9 concession situated in the Basra Governorate, in Southern Iraq.
The well started commercial production at 36/64 inch choke size and has stabilized at rate at of 5,600 bopd.
Kuwait Energy holds a 60% revenue interest and is the operator of the Block 9 concession, while Dragon Oil holds 30% and the Egyptian General Petroleum Corporation holds 10%.
Kuwait Energy is an independent oil and gas company actively engaged in the exploration, appraisal, development and production of hydrocarbons. (end) ahh.nfm