State-owned Kuwait Oil Co made a ‘major’ discovery in the Jazah natural gas field in the OPEC member’s offshore region.
KOC said in a statement on 13 October: “The initial exploration well recorded the highest production rate from a vertical well in the Minagish formation in Kuwait’s history.” The company has made similar announcements for oil and gas offshore discoveries since last year.
Initial tests from the Jazah-1 well revealed: “Exceptional production exceeding 29m cubic feet of gas per day and more than 5,000 barrels per day of condensate,” KOC, a unit of state-owned Kuwait Petroleum Corp said.
The field’s initial estimated area measures about 40 sq km (15.4 square miles), with projections indicating about 1tn cubic feet of gas and 120m barrels of condensate, KOC said.
Kuwait is OPEC’s fifth-biggest producer, with a current output of about 2.52m barrels a day. It aims to boost capacity to 4m barrels a day by 2035.
For more information visit https://eicdatastream.the-eic.com/search/project/704515/Minagish-Oil-Field-Enhanced-Oil-Recovery-EOR-Programme