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Southern oil fields
Kuwait Energy begins oil production from the field Fayhaa and seeking new investments
Author: AHF, SKM
editor: AHF 31/08/2016 16:25 Number ofViews: 1332
Southern oil fields
Kuwait Energy begins oil production from the field Fayhaa and seeking new investments
Author: AHF, SKM
editor: AHF 31/08/2016 16:25 Number ofViews: 1332
Long-Presse / Basra
Kuwait Energy Company announced, on Wednesday, produced the first in the Fayhaa oil field, north of Basra, at a rate of 25,000 barrels per day, as indicated its willingness to invest in new fields, the Basra Governorate Council, said his quest to invest in oil fields is invested in the province.
CEO of Kuwait Energy in Iraq, Sara Akbar, said in an interview with (long-Presse), "The company began initial production of crude oil at a rate of 25,000 barrels per day of Fayhaa oil field in the north of Basra."
Akbar added that "Kuwait Energy began its work in Iraq since 2007 to invest Saybah south of Basra field, and then later moved to Fayhaa field after his discovery, which today have indicated their willingness to invest in any new field in Basra being possesses huge potential Iraqi cadres with experience in the oil field ".
For his part, head of the Basra Governorate Council morning Albzona said in an interview with (long-Presse), said that "Kuwait Energy Company of the oil companies operating in Iraq nine years in Iraq since and is able to invest new fields in the province," noting that "the local government of Basra seeking to invest in other fields is invested and the introduction of competition among oil companies to invest the fields. "
The Southern Oil Company announced, in November of 2014, the discovery of "exploration blocks oil" near the Iraqi border with Iran, as shown that the initial production of up to eight thousand barrels per day, revealed that it has a plan to produce accelerated this area and change the contract to invest in oil and gas in it .
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