New oil field discovery boosts Saudi-Kuwait energy stance
Saudi Arabia and Kuwait have discovered a new oil field in the Divided Zone—a neutral area jointly managed by the two countries. This is the first major discovery since 2020 and is deemed crucial for maintaining both nations' positions in the global energy market.
Saudi Arabia and Kuwait announced the discovery of the new oil field at the North Wafra Wara-Burgan site, located in the Divided Zone between the two countries.
The field, part of a joint venture by Wafra Joint Operations, which includes American Chevron Corporation among others, can produce over 500 barrels per day. The oil quality is rated as high, with an API gravity of 26-27.
This marks the first significant discovery since production resumed in this zone in 2020, highlights RMF FM.
The neutral zone, established in 1922, has faced disputes and production interruptions, particularly in 2014-2015 when production was completely halted. The discovery is vital for maintaining Saudi Arabia and Kuwait's status as stable and reliable oil suppliers in the global market.
Other large fields, such as Khafji, are also exploited in the Divided Zone, allowing for a production capacity of up to 300,000 barrels per day. The total production in this zone accounts for about 0.5% of the world's oil output.
