Kuwait Unveils Significant Oil and Gas Discovery in Al-Nukhida Offshore Field
ByAinvest
Monday, Jul 15, 2024 2:31 am ET1min read
Kuwait Oil Co. has announced a significant oil and gas discovery in the Al-Nukhida field offshore, with initial reserves estimated at 2.1 billion barrels of oil and 5.1 Tcf of gas. This discovery, deemed a "turning point" in offshore exploration, positions Kuwait as a key OPEC producer with plans to increase capacity to 4 million bpd by 2035.
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