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December 3, 2021

Khafji and Hout Conventional Oil Field, Kuwait-Saudi Arabia Partitioned Neutral Zone

By Carmen

Khafji and Hout is a producing conventional oil field located in shallow water in Kuwait-Saudi Arabia Partitioned Neutral Zone and is operated by Al Khafji Joint Operations. The field is located in block Al-Khafji Joint Operations (KJO), with water depth of 150 feet.

An expansion project is associated with the Khafji and Hout, namely Dorra . This project is currently in the feed stage.

Field participation details

The field is owned by Saudi Arabian Oil and Kuwait Petroleum.


Production from Khafji and Hout

The Khafji and Hout conventional oil field recovered 36.73% of its total recoverable reserves, with peak production expected in 2031. The peak production will approximately 308.75 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2075. The field currently accounts for approximately 56% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 2,542.88 Mmboe, comprised of 2,542.88 Mmbbl of crude oil & condensate. Khafji and Hout conventional oil field reserves accounts 0.52% of total remaining reserves of producing conventional oil fields globally.


Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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