RIYADH: The governments of Saudi Arabia and Kuwait have jointly announced a significant new oil discovery in the North Wafra Wara-Burgan field, located approximately 5 km north of the main Wafra field, the Kingdom’s Energy Ministry said in a statement on Monday.
According to the statement, the discovery was made by Wafra Joint Operations, where crude oil flowed from the Wara reservoir in the North Wafra (Wara-Burgan-1) well at a rate exceeding 500 barrels per day. The oil has an API gravity of 26 to 27 degrees, indicating a medium-grade crude.
This marks the first oil discovery since the resumption of production operations in the partitioned zone and its adjacent offshore areas in mid-2020.
The find is considered a major milestone, reinforcing both nations’ positions as dependable global energy suppliers and demonstrating their continued strength in the exploration and production sector.
