Lukoil Finds Oil at Iraq Well

Lukoil Finds Oil at Iraq Well
Lukoil reveals that it has hit oil at the Eridu 1 exploration well in southern Iraq's Block 10.

Lukoil revealed Wednesday that it has hit oil at the Eridu 1 exploration well in southern Iraq’s Block 10.

The Russian oil company and Japanese oil company Inpex successfully completed the testing of the well, which recorded a daily flow rate of more than 1,000 cubic meters of oil from the Mishrif horizon.

This find confirms geological expectations of a large hydrocarbon field presence within the Block 10 contract area, Lukoil said.

Geological exploration at the block is currently in progress and the work program for 2017 includes the drilling and testing of an additional appraisal well, Eridu 2.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Wood Group Engineers to Carry Out Sakh... (May 22)
 -  Sentinel Marine Takes Delivery of New ... (May 22)
 -  Schlumberger Signs MoU with Saudi Aram... (May 22)
 -  BP Staff Raise Money for 4 Charities w... (May 19)
 -  Norwegian Production Drops Month-on-Mo... (May 19)


Most Popular Articles

From the Career Center
Jobs that may interest you
Fluids Analysis Specialist
Expertise: Chemist|Geochemist
Location: Houston
 
Senior Geophysicist / Geologist
Expertise: Geologist|Geophysicist
Location: Knoxville, TN
 
Asset Analyst
Expertise: Asset Management|Financial Analyst
Location: Dallas, TX
 
search for more jobs

Brent Crude Oil : $53.87/BBL 0.48%
Light Crude Oil : $50.73/BBL 0.79%
Natural Gas : $3.33/MMBtu 2.14%
Updated in last 24 hours