Saudi Arabia and Kuwait Announce New Oil Discovery

Saudi Arabia and Kuwait announce new oil discovery

The Kingdom of Saudi Arabia (KSA) and Kuwait announced on Monday, May 26, a new oil discovery in the Partitioned Zone — a shared border region between the two countries. The oil was discovered in the North Wafra Wara-Burgan field, located 5 kilometers north of Wafra field, with flow of crude oil from the reservoir “exceeding 500 barrels per day,” the Saudi Press Agency (SPA) reported. Also ReadSaudi Arabia denies lifting alcohol ban: Official Th…

Saudi Arabia, Kuwait announce new oil discovery in their partitioned zone

Crude oil flows from Wara reservoir in North Wafra well at rate exceeding 500 barrels per day, joint statement says

Saudi Arabia and Kuwait Announce New Oil Discovery

Saudi Arabia and Kuwait have announced a new oil discovery in the so-called Partitioned Zone (PZ) between the two OPEC heavyweights which share equally output from the area.   Saudi Arabia and Kuwait announced on Monday that Wafra Joint Operations had made a new oil discovery in the North Wafra Wara-Burgan field, located 5 kilometers (3.1 miles) north of the Wafra field, the official Saudi Press Agency reported.   The so-called Partitioned Neutr…

Saudi Arabia, Kuwait Announce 'Highly Significant' Oil Discovery

'The discovery is regarded as highly significant', a joint statement noted.

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The Governments of the State of Kuwait and the Kingdom of Saudi Arabia declared that joint operations of Wafra were able to detect a new oily well in Burkan, 5 kilometres north of the Wafra field. The Ministry of Oil, in a statement yesterday, stated...