Kuwait says finds four new promising oilfields

Kuwait says finds four new promising oilfields

The grades found in the fields were both light and heavy oil, with preliminary results showing “huge commercial volumes.



By (Wam)

Published: Mon 20 Apr 2015, 12:48 PM

Last updated: Thu 25 Jun 2015, 7:33 PM

Kuwait – Kuwait has discovered four new oilfields in the north and west of the country, a top oil official was quoted as saying by state news agency KUNA on Sunday.

In a statement to Kuwait News Agency (KUNA), Hashem Hashem, the chief executive of Kuwait Oil Co, said exploration activities have moved ahead despite the declining oil prices.

“The (new) fields will be developed and production will start briefly,” he said, adding that the new discoveries had been announced after two years of exploration activities had proved positive.

Two reservoirs for unconventional oil in the north of the country were also discovered, Hashem said.

The grades found in the fields were both light and heavy oil, with preliminary results showing “huge commercial volumes,” KUNA quoted Hashem as saying. 


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