Kuwait Announces Huge Oil, Gas Discovery

Kuwait announced today the discovery of huge commercial quantities of light oil and gas in the Nokhatha offshore field, which is located east of Failaka Island in Kuwaiti economic waters.

Kuwait Oil Company stated that the initial estimated area of ​​the field is approximately 96 square kilometers, noting that this discovery represents an important turning point in its ongoing efforts to explore hydrocarbon resources in the Kuwaiti marine region.

It explained that the daily production from the well (Nukhadha-1) in the Manaqish geological layer amounts to about 2,800 barrels of light oil and 7 million cubic meters of associated gas.

It reported that preliminary estimates of the stock of hydrocarbon resources present in Tabqa are estimated at approximately 2.1 billion barrels of light oil and 5.1 trillion standard cubic feet of gas, equivalent to 3.2 billion barrels of oil equivalent, according to a statement reported by the Kuwait News Agency.

It revealed that the marine area represents approximately one-third of the total land area  of Kuwait, with an area of ​​more than 6,000 square kilometers, while the current phase of exploration includes drilling 6 exploratory wells to explore for oil and gas as a first phase, and based on the results of drilling in this phase, the subsequent phases will be determined successively.