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January 7, 2021

New oil fields discovered in Kuwait

Kuwait has discovered two new oil fields as well as discovering new reserves at the existing Great Burgan oil field. The new discoveries have been announced by Kuwait’s Minister of Oil and Minister of Electricity and Water Mohammad al-Faris in a statement via the state news agency Kuna.

By MEED   

Reservoirs contain commercial quantities of hydrocarbons

Kuwait has discovered two new oil fields as well as discovering new reserves at the existing Great Burgan oil field.

The new discoveries have been announced by Kuwait’s Minister of Oil and Minister of Electricity and Water Mohammad al-Faris in a statement via the state news agency Kuna.

One of the discoveries is in the Houma oil field in northwestern Kuwait, with a production capacity of 1,452 barrels a day (b/d) of light oil.

The second is in the Al-Qashaniya field in the north of the country, where light oil was discovered with a commercial quantity of 1,819 b/d and 2.78 million cubic feet of associated gas a day (scf/d).

Al-Faris said several wells had been drilled during 2020 to assess the region in the north of the Great Burgan field.

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He said that the wells had a daily production rate that exceeded 2,000 b/d.

Al-Faris said the two newly discovered fields were of “great economic importance” to the country, adding that they were made in regions of Kuwait that had not previously been explored for hydrocarbons.

He also praised the success of state-owned upstream operator Kuwait Oil Company (KOC) for making the discoveries at a time when the industry faces coronavirus-related challenges.

This article is published by MEED, the world’s leading source of business intelligence about the Middle East. MEED provides exclusive news, data and analysis on the Middle East every day. For access to MEED’s Middle East business intelligence, subscribe here

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