The Saudi Arabia and Kuwait governments have revealed that WAFRA’s joint operation has made oil discoveries in North Wafrawala-Burgan Field.
The field is located 5 km north of the existing WAFRA field. The Walla Reservoir produced crude oil at a rate of over 500 barrels (BPD) per day, with API gravity between 26 and 27 degrees.
This is the first discovery since production operations resumed in mid-2020 in the split zone and its adjacent offshore areas.
It is considered extremely important because it has a potential positive impact on both countries’ exploration and production (E&P) capabilities.
In 2019, Kuwait and Saudi Arabia reached an agreement between the two countries on oil production in a neutral zone.
According to the report, the deal is expected to add 500,000bpd to the market. National.
The neutral zone contains two major oil fields. Production resumed in July 2020 after halting in 2014 and 2015, respectively.
The new discoveries follow Aramco’s announcement of 14 newly discovered oil and natural gas fields and reservoirs last month.
Prince Abdulaziz bin Salman, Saudi Arabia’s Energy Minister, highlighted the discovery of six fields and two oil reservoirs, two fields and four natural gas reservoirs in the eastern region and the empty quarter.
He emphasized that these findings will strengthen the nation’s capacity to meet domestic and global energy needs in the near future.
Last July, Kuwait announced a significant amount of oil and gas discovery in the Arnokata fields, estimated at about 2.1 billion barrels (BBBL) of light oil and 5.1 trillion cubic feet of gas.
The Kuwait Oil Company identified this with approximately 3.2bbbl oil equivalents.
“Saudi Arabia and Kuwait announce oil discoveries within the split zone” was originally created and published Offshore Technologya brand owned by GlobalData.
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