Chinese private sector firm United Energy Group (UEG) saw output from its key asset, the Faihaa oil field on Block 9 in southern Iraq, leap 33% year-on-year to 54,070 b/d for 1H 2022, just shy of the 55,500 b/d target for 2022 as a whole that the firm set out in April (MEES, 22 April).

“In first half of 2022, United Energy has achieved outstanding operational and financial performance…. For the way forward, we will keep on ramping up production, optimizing operation and re-investing in our people and assets,” the firm says. (CONTINUED - 522 WORDS)