Name: Fao (also known as Faw)
Controlled by: Ministry of Oil (Baghdad).
Location: This block situated within Basra Governorate adjacent to Iraqi-Kuwaiti-Iranian international borders with area of 1,398 km². One geological structure has been identified in the block, namely: Umm-Qasr. One additional stratigraphic lead has also been identified on block.
Discovery: One exploration well has been drilled in the block. Initial assessment suggested that the block holds oil and gas accumulations.
Developed by: United Energy Group (UEG)
Contract granted: Fifth-plus licensing round, May 2024. (Had previously been offered, but not awarded, in the fifth licensing round in April 2018.)
Form of Contract: EDPC (Exploration, Development and Production Contract)
The area has been investigated by China National Offshore Oil Corporation (CNOOC) - see here.
For latest news on the project please click here.
A full list of oil and gas fields controlled by the Ministry of Oil in Baghdad can be found here.