AI Summary
Lukoil said testing of its fourth well in Eridu oil field on Block 10 in southern Iraq confirmed the geologic model.
The discovery well, Eridu 1, flowed on test during early 2017 at more than 8,000 b/d of oil from the Middle Cretaceous Mishrif formation (OGJ Online, Feb. 22, 2017).
Lukoil said the fourth well flowed dry crude oil at commercial rates.
It plans “several” appraisal wells and further 2D and 3D seismic surveys on the 5,800-sq-km block, which is 150 km west of Basra and 120 km from West Qurna-2 oil field.
Lukoil holds 60% and is operator. Inpex Corp. holds 40%. The Iraqi party to the agreement is represented by state-owned Thiqar Oil Co.
