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Development & Exploration
The main development and exploration activity in the period has been
the completion of Faihaa-3
, which
commenced production in February 2017. Kuwait Energy intends to drill two more wells within its Block 9 concession
in 2017, with the
drilling of the first of those wells, Faihaa-4, commencing in April
. The table below provides the
status of the development and exploration wells for the reporting period:
Country
Basin/Area
Well Name
No. of
Wells
Cost
Interest
Status at end of March 2017
2016 Carry-over Wells
Iraq
Block 9
Faihaa-3
1
60%
Production commenced on 12
February 2017 at an initial stabilized
rate of 7,200 bbls (Gross) on a
44/64” choke size.
Oman
Karim Small
Fields
WRDM-K29
1
15%
Producing
YTD March 2017
Oman
Karim Small
Fields
Various
5
15%
Producing
Total for 2017 5