Kuwait | Egypt Oil & Gas - Part 5
Kuwait’s Neutral Zone Oil Production to Reach 250,000 BBL/D
The Kuwaiti production of crude oil from the Neutral Zone shared with Saudi Arabia is expected to reach around 250,000 barrels per day (bbl/d) after re-commencing operations by the end of 2020, according to Khaled Al-...
Kuwait, Saudi Arabia Move Forward with Dorra Field’s Development Plan
Kuwait and Saudi Arabia have brought in an international consultant to study the development plan for the Dorra offshore natural gas field and determine both countries’ shares in the field’s produced natur...
QP to Export 3 million tons of LNG to KPC
Qatar Petroleum Company (QP) has signed a 15-year sale and purchase agreement with Kuwait Petroleum Corporation (KPC) to export up to three million tons of liquefied natural gas (LNG) per year, QP announced in a state...
Saudi Arabia to Commence New Project at Dorra Field
Prince Abdulaziz bin Salman, Saudi Energy Minister, announced on December 25 that the Kingdom would soon commence a new project at the Dorra offshore gas field, Saudi newspaper Eqtisadiah reported, according to Reuter...
Kuwait and Saudi Arabia’s Agreement Ends Neutral Zone Dispute
The Saudi-Kuwaiti five-year dispute over the Neutral Zone has finally come to an end, according to Reuters. The agreement between the two counties was signed on December 24, 2019. This agreement stipulates that the oi...
Kuwait Hopes to Resolve the Neutral Zone Issue
Khaled Al Fadhel, Kuwait’s Minster of Oil, expressed his hopes to resolve the Kuwait-Saudi Arabia Neutral Zone issue by the end of 2019, according to Reuters. Oil production in the Khafji and Wafra jointly-run oilfiel...
ADES Secures Deepwater Drilling Contracts with Baker Hughes
Advanced Energy System International (ADES) announced that it has secured its first onshore deep drilling contracts under a lump sum turnkey project in Kuwait, according to World Oil. “We are extremely pleased t...
Kuwait’s Burgan Drilling’s Profit Drops by 84.6% YoY
Kuwait’s Burgan Company for Well Drilling, Trading, and Maintenance has reported an 84.6% year-on-year (YoY) profit decline during Q2 of fiscal year (FY) 2019/20, according to Zawya. The company’s profit declined to K...
