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

Reuters
Wednesday, April 20, 2022
©pavlofox/AdobeStock

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

BP Expands Oil and Gas Scope in Azerbaijan with New Projects and Exploration Rights

BP Expands Oil and Gas Scope in Azerbaijan with New Projects and Exploration Rights

First Oil from Mero-4 FPSO in Brazil pre-salt

First Oil from Mero-4 FPSO in Brazil pre-salt

Kuwait, Saudi Arabia Make Oil Discovery in Neutral Zone

Kuwait, Saudi Arabia Make Oil Discovery in Neutral Zone

Current News

UK Firm Seeks Suppliers to Build Full-Scale Tidal Energy Prototype

Brava Energia Inks $65M Deal with PetroReconcavo for Natural Gas Assets

Record Offshore Wind Auction Required for UK to Meet Targets

First French Floating Wind Farm Fully Commissioned

Subscribe for OE Digital E‑News

Offshore Engineer Magazine