Hong Kong-listed independent UEG said that output at its Faihaa oil field on Basra’s Block 9 (UEG 60%op, Dubai state firm Dragon Oil 30%, Egypt state EGPC 10%) has risen to a record 70,000 b/d having averaged 63,320 b/d for 2023. The latter was in turn up 9.5% on 2022.
The firm, in its 2023 results filings on 28 March, adds that construction on a new 100,000 b/d-capacity central processing facility (CPF) at Faihaa is 90% complete with delivery targeted for 1H24. “This will lay a solid foundation for further production capacity ramp-up of Block 9,” the firm says. In addition, a 130mn cfd gas CPF on Block 9 is 60% complete with commissioning targeted for Q4 this year in line with oil ministry expectations. (CONTINUED - 245 WORDS)