Russia’s Lukoil and Japan’s Inpex have successfully completed the testing of the first exploratory well, Eridu 1, at Block 10 in southern Iraq.
Block 10 is located 150 km west of the town of Basra, and 120 km away from West Qurna-2 field.
In a press statement, the Russian oil company said the well recorded daily flow rate of more than 1,000 cubic meters of sweet oil from Mishrif horizon, confirming geological expectations of a large hydrocarbon field presence within the Block 10 contract area.
Geological exploration at the block is in progress and a work program for 2017 includes the drilling and testing of an appraisal well Eridu 2.
Since the project implementation began, the partners have successfully demined the territory, conducted 2,022 kilometers of 2D seismic acquisition and drilled the first exploratory well, Eridu-1, to the depth of 3,168 meters
Lukoil holds 60 per cent stake in the project (operator), Inpex holds 40 per cent stake.