Saudi Says It and Kuwait Have Right to Exploit Gas-rich Offshore Area

Reuters
Wednesday, April 20, 2022

The Saudi cabinet reaffirmed the right of the kingdom and its neighbor Kuwait to exploit natural resources at a joint, energy-rich, offshore area, the state news agency reported on Tuesday.

It also stressed the right of the two countries to develop the Durra natural gas field, located in this area, the agency said after a cabinet meeting.

Saudi Arabia and Kuwait invited Iran earlier this month to hold negotiations to determine the eastern limit of the joint area.  

(Reuters - Reporting by Yasmin Hussein and Mahmoud Mourad / Editing by Chris Reese)

Categories: Energy Middle East Industry News Activity Production

Related Stories

IKM Aconan to Deliver Drilling, Well Services for Vår Energi

Shell’s Deepwater Mars Hits One Billion Barrels, with More to Come (Video)

ADES Lands $48M Nigeria Contract for Main Pass IV Rig

Current News

Petrovietnam Invites Bids for Block 17 in South China Sea

ExxonMobil Seeks Approval for Project Offshore Guyana

Bangladesh Offers Sweetened Terms in Offshore Tender

IKM Aconan to Deliver Drilling, Well Services for Vår Energi

Subscribe for OE Digital E‑News