March 2016, Vol. 243, No. 3
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Kuwait Oil Company Says It's Found New Oil and Gas Field
KUWAIT CITY (AP) — Kuwait’s state oil company says it has discovered a new oil and gas field in the Western part of the country.
Kuwait Oil Company said in a statement to the country’s state news agency Thursday that preliminary tests suggest the new field in the al-Jathatheel region will provide a significant boost to the country’s resource reserves.
It says company teams are currently carrying out tests at the field.
The statement gave no estimate on the size of the field, and a company spokesman did not immediately respond to a request for comment.
According to the U.S. Energy Information Administration, Kuwait has the sixth largest crude oil reserves worldwide. Kuwait is a member of OPEC bordering Iraq and Saudi Arabia at the northern end of the Persian Gulf.
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