Production Restarts at Wafra Oilfield
Crude oil production resumed on July 1 at the Wafra oilfield, which is a joint venture between Kuwait and Saudi Arabia.
Crude oil production resumed on July 1 at the Wafra oilfield, which is a joint venture between Kuwait and Saudi Arabia.
Kuwait and Saudi Arabia have plans in place to resume oil production at the Neutral Zone at jointly-operated Khafji and Wafra oilfields on July 1.
Kuwait Oil Ministry announced the exporting of the first shipment of oil from joint operations in the neutral zone between Kuwait and Saudi Arabia.
Kuwait commenced operations in the country's largest heavy oil project, located in the north, under the framework of raising its production capacity to 4 million barrels per day (mmbbl/d) by 2040.
The Minister of Oil, Electricity and Water, Khaled Al Fadhel announced the beginning of trial production from the fields of Al Wafra and Al Khafji at the neutral zone.
Wafra field, located in the Neutral Zone, will restart its oil production by March, according to Khaled Al-Fadhel, Kuwaiti Oil Minister.
Kuwait’s Minister of Oil, announced that production from the Neutral Zone is expected to reach 250,000 barrels per day (bpd).
Kuwait and Saudi Arabia have brought in an international consultant to study the development plan for the Dorra offshore natural gas field and to determine both countries' shares in produced natural gas.
Prince Abdulaziz bin Salman, Saudi Energy Minister, announced that they would soon commence a new project at the Dorra offshore gas field.
Kuwait and Saudi Arabia agree to resolve the conflict over the Neutral Zone.