Kuwait Oil Company announced on Monday the discovery of large commercial quantities of hydrocarbon resources in the Julayah offshore field in territorial waters, which is the second of its kind in the Kuwaiti offshore region.
Kuwait News Agency (KUNA) quoted the company as saying that the field’s reserves are estimated at about 800 million barrels of medium-density oil, in addition to 600 billion standard cubic feet of associated gas.
The company stated that these discoveries come within the framework of the company’s ongoing exploratory efforts to strengthen the position of the State of Kuwait as a major producer of oil and gas in the region, and to achieve the exploration strategy in the Kuwaiti marine region.
Second field
The company indicated that the Al-Julai’a field is the second offshore field discovered in the current exploratory plan, after the discovery of the Al-Nokhadha offshore field in July 2024.
Kuwait Oil affirmed its commitment to sustainable exploration in the marine region, as preparations are currently being made to begin the second phase of the exploration, drilling and production plan for the Kuwaiti marine region, adding that work is underway to implement a three-dimensional exploratory survey project that covers the entire marine region, which has an area of more than 6,000. square kilometers.
The company stated that this provides high-accuracy data that helps in decision-making towards exploring and identifying reservoirs up to the production stage in the Kuwaiti marine region.
Last July, Kuwait announced a huge oil discovery in the Nokhadha offshore field east of the Kuwaiti island of Failaka, with oil reserves estimated at about 3.2 billion barrels of oil equivalent.
Kuwait Oil Company aims to drill 6 exploratory wells in the current phase of work in the marine area, followed by 3D seismic surveys.
