Tag Archives | Faihaa-1

Kuwait Energy signs Export Agreement for Block 9

By John Lee. Kuwait Energy has announced the signing of an Export Oil Sales Agreement for its Block 9 project in Iraq. The agreement, signed between a consortium led by Kuwait Energy plc and Iraq’s State Oil Marketing Organization (SOMO) puts in place the mechanism by which Kuwait Energy will be paid for services in […]

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Block 9 Reaches Production in Record Time

Kuwait Energy has announced that the consortium comprising of Kuwait Energy (60%) as the operator, Dragon Oil (30%) and the Egyptian General Petroleum Corporation (10%) has commenced oil production from Faihaa-1 well in Block 9, Iraq. The Faihaa-1 well is located in Block 9 field, which is situated in the hub of Iraq’s oil industry […]

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Dragon Oil Updates on Block 9

By John Lee. In a statement to the markets this morning, Dragon Oil gave the following update on its operations at Block 9 in Iraq: “In 2014, the partners in Block 9 in Iraq (Dragon Oil 30%) announced the discovery of oil in two formations in the consortium’s first exploration well, Faihaa-1. “Open and cased […]

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Dragon Oil Updates on Block 9 Progress

By John Lee. In its Interim Management Statement this morning, Dragon Oil gave the following update on its operations at Block 9 in Iraq: “In 2014, the partners in Block 9 in Iraq, announced the discovery of oil in two formations in the consortium’s first exploration well, Faihaa-1 in which Dragon Oil holds 30 percent. […]

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Dragon Oil Updates on Operations

By John Lee. In its 2014 Full-Year Results, Dragon Oil gave the following update on its operations in Iraqi Kurdistan: On 10 September 2014, the partners in Block 9 in Iraq, Dragon Oil (30%) and Kuwait Energy (70% and operator), announced their first oil discovery at the consortium’s first target, the Mishrif formation, reached at […]

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More Detailed Testing planned for Mishrif

By John Lee. In its Drilling and Production Update issued today (Friday), Dragon Oil has said that it plans more detailed testing at its Mishrif site: “On 10 September 2014, the consortium comprised of Kuwait Energy (70% and operator) and Dragon Oil (30%) reported its first oil discovery at Block 9, Iraq. “The successful discovery […]

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Oil Discovered at Block 9

By John Lee. Shares in Dragon Oil closed up 0.2 percent on Wednesday following the discovery of oil at Block 9. Kuwait Energy, Dragon Oil’s partner in Block 9, issued the following update on the exploration well, Faihaa-1, being drilled in the block: Kuwait Energy announces that the consortium comprised of Kuwait Energy (70% and […]

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