Lukoil has found oil at the Eridu 1 exploration well in Block 10 of southern Iraq. The well flowed at a rate of more than 6,290 B/D of oil from the Mishrif horizon during testing and has now been completed. The discovery confirms geological expectations of a large hydrocarbon field to be present in the Block 10 contract area, the company said. Exploration continues in the block, with plans to drill and test the Eridu-2 appraisal well later this year. Lukoil is the operator with a 60% interest, and Inpex (40%) holds the remaining share.
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