His Royal Highness Prince Abdulaziz bin Salman bin Abdulaziz, Minister of Energy, met today in Kuwait City with His Excellency the Kuwaiti Minister of Oil and Minister of Electricity, Water and Renewable Energy in the State of Kuwait, Dr. Mohammed Abdullatif Al Faris.
The meeting witnessed the signing of the minutes for the development and exploitation of Durra Offshore Field in the Arabian Gulf. It will also enable Al-Khafji Joint Operations Company (KJO), which is a joint venture between Aramco Gulf Operations Company (AGOC) and the Kuwait Gulf Oil Company (KGOC), to agree on selecting a consultant to conduct the engineering studies necessary to develop the Durra Field in accordance with the best methods, modern technologies, and practices that take into account safety, health, and preservation of the environment, and to develop the most efficient and effective engineering designs from the capital and operational perspectives.
The signing of the minutes facilitates support for growth in various vital sectors in the two sisterly countries, and implements the provisions of the Memorandum of Understanding (MoU) signed by both the Kingdom of Saudi Arabia and the State of Kuwait, in the State of Kuwait, on 27 Rabi’ul-Akher 1441 AH, corresponding to 24 December 2019 AD, which included joint work on the development and exploitation of the Durra Field.
It is expected that the Durra Field development will lead to the production of one billion standard cubic feet of natural gas per day, in addition to the production of 84k barrels of condensates per day. The production will be divided equally between the two partners, based on the “Marine Separation” option, so that the share of both partners is separated at sea. From there, the AGOC’s share of natural gas, gas liquids, and condensates will be sent to the AGOC’s facilities in Al-Khafji, while the KGOC’s share of natural gas, gas liquids, and condensates will be sent to the KGOC’s facilities in Al-Zour.
The development of this strategic field (Durra Field) will contribute to meeting the growth of domestic demand for natural gas and gas liquids in the two sisterly countries.
