A well recorded a daily flow rate of more than 1,500 cu. m (9,435 barrels) of oil in the Mishrif Formation at the Eridu Field in southern Iraq, according to a news release.
Lukoil reported March 26 that the well, the fifth of the appraisal phase at the Block 10 field, proved the current geological model of the field as effective. Lukoil’s partner on the development is Inpex Corp.
Geological exploration continues at Block 10, Lukoil said in the release. The company said it plans to drill and test several appraisal wells, complete 3-D seismic surveys at the Eridu Field and 2-D seismic surveys at the block’s southern and central parts in the mid-term.
Recommended Reading
EnQuest Selling Stake in North Sea Golden Eagle Oilfield, Sources Say
2024-04-16 - EnQuest has struggled in recent years with high debt levels and a drop in profits after Britain imposed a 35% windfall tax on North Sea producers.
Kimmeridge Withdraws SilverBow Deal to Focus on E&P’s ‘Broken’ Board
2024-04-16 - Investment firm Kimmeridge said it had withdrawn its offer to combine its Eagle Ford E&P with SilverBow Resources as it promotes a slate of independent directors for SilverBow’s board at the company’s May annual meeting.
The JF Petroleum Group Acquires General Contractor GE Goodson Service
2024-04-15 - Following the transaction, GE Goodson will operate as The JF Petroleum Group’s Midland branch on a go-forward basis.
EQT, Equinor Agree to Massive Appalachia Acreage Swap
2024-04-15 - Equinor will part with its operated assets in the Marcellus and Utica Shale and pay $500 million to EQT in exchange for 40% of EQT’s non-operated assets in the Northern Marcellus Shale.
Enterprise Buys Assets from Occidental’s Western Midstream
2024-02-22 - Enterprise bought Western’s 20% interest in Whitethorn and Western’s 25% interest in two NGL fractionators located in Mont Belvieu, Texas.