A jointly operated onshore oilfield between Saudi Arabia and Kuwait will shut for maintenance, a move apparently aimed at giving the Gulf OPEC allies more time to solve a long-standing dispute.
A Kuwaiti industry source told Reuters the scheduled two- weeks closure of the Wafra onshore oilfield, operated by a Saudi Arabian division of U.S. oil major Chevron, will start on Monday night or Tuesday.
Production from the onshore fields in the Neutral Zone between Saudi Arabia and Kuwait was about 190,000 barrels per day, the source said.
Last month, Saudi Chevron told its partner, Kuwait Gulf Oil Company, that it planned to shut down Wafra after failing to resolve various disputes with Kuwait, mainly related to the right to operate, according to industry sources. Chevron has said it has faced problems obtaining supplies and work permits for its expatriate staff, which could hurt production in the Neutral Zone.