Latest news with #PartitionedZone
Asharq Al-Awsat
26-05-2025
- Business
- Asharq Al-Awsat
Saudi Arabia, Kuwait Announce New Oil Discovery in Partitioned Zone
Saudi Arabia and Kuwait announced on Monday that Wafra Joint Operations have made a new oil discovery in (North Wafra Wara-Burgan) field, located 5 kilometers north of Wafra field. Crude oil flowed from the Wara reservoir in the North Wafra (Wara-Burgan-1) well at a rate exceeding 500 barrels per day, with an API gravity of 26 to 27 degrees. This marks the first discovery since the resumption of production operations in the Partitioned Zone and its adjacent offshore area in mid-2020. The discovery is regarded as highly significant, given its positive impact on both countries' standing as reliable global energy suppliers and their capabilities in the exploration and production sector.
Zawya
13-05-2025
- Business
- Zawya
Abraj Energy to provide third drilling rig at Kuwait's Wafra Joint Operation
Muscat-listed Abraj Energy Services said it has received a variation order request to provide a third drilling rig and related services from Wafra Joint Operation (WJO) in Kuwait. The expected revenue from this contract is nearly 20 million Omani rials over three years, the company said in a bourse filing. The rig is expected to start operation in the second quarter of 2026. The joint operation covers an area of 5,000 square kilometers in the Partitioned Zone between Kuwait and Saudi Arabia, according to the WJO profile on the social media platform LinkedIn. The natural resources contained therein are equally shared by both countries, and is operated jointly by Kuwait Gulf Oil Company (KGOC), representing Kuwait and Saudi Arabian Chevron (SAC) representing Saudi Arabia. (Writing by P Deol; Editing by Anoop Menon) ( Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.
