Nawaf Al-Saud: 6 areas initially identified for oil and gas exploration in 'Al-Durrah'
With preparations under way to launch a tender for a gas processing plant
Oil sources said that the Darra field, jointly owned by Kuwait and Saudi Arabia, is on track for development, and that massive billion-dollar projects are on the horizon. These comments, reported by CNBC Arabic, coincide with the imminent launch of the largest tender in Kuwait’s oil sector in a decade. The tender, valued at $3.3 billion, aims to build an onshore gas processing plant linked to the Darra field, a offshore field shared by Kuwait and Saudi Arabia.
Sheikh Nawaf Al-Sabah, CEO of the Kuwait Petroleum Corporation (KPC), told CNBC Arabic that, through technological advances and seismic surveys, the company has initially identified six areas out of 16 as potentially viable for oil and gas exploration.
According to sources, the Kuwait Gulf Oil Company (KGOC) launched the tender for the gas plant contract earlier this month, setting December 31 as the deadline for bid submissions. The plant is targeted to have a processing capacity of up to 632 million cubic feet of gas per day and 60,000 barrels per day of condensates.
For his part, Dr. Mubarak Al-Hajri, an energy affairs expert, said both parties agreed to sign a development contract for the field to reach production of around one billion cubic feet of gas.
Former senior oil executive Abdullah Fahad Al-Ajmi said the main consumer of the field’s output is the Ministry of Electricity and Water, along with some companies and factories operating in the oil and gas sector.
Kuwait has achieved subsequent successes in discovering and developing several offshore fields containing promising quantities of oil and gas.
The Darra field is significant as a strategic reserve with high natural gas estimates. It is expected to help meet domestic market demand, alongside associated and non-associated gas production, to cover electricity generation and water desalination needs, in line with the strategic directions of KPC 2030.
