Wedoany.com Report-May 27, Saudi Arabia and Kuwait have jointly announced the discovery of oil in the North Wafra Wara-Burgan field, located within the neutral zone shared by the two nations, as reported by the Saudi Press Agency (SPA) on Monday. The discovery marks a significant milestone in the region’s energy sector, enhancing the countries’ roles as key global energy suppliers.

The Wara reservoir in the North Wafra (Wara-Burgan-1) well has produced crude oil at a rate exceeding 500 barrels per day. This is the first oil find since production operations resumed in the Partitioned Zone and its adjacent offshore area in mid-2020. The successful extraction underscores advancements in exploration and production capabilities for both nations.

The discovery strengthens Saudi Arabia and Kuwait’s positions in the global energy market, supporting their efforts to meet international demand reliably. The neutral zone, a shared territory, has long been a focal point for cooperative energy projects, and this achievement highlights the effectiveness of their joint ventures in resource development.

The find is expected to contribute to the economic growth of both countries by expanding their oil production capacity. It also reinforces their commitment to leveraging advanced exploration techniques to unlock new reserves, ensuring sustainable energy output. The North Wafra Wara-Burgan field’s potential will likely play a key role in future production strategies for the region.

This development reflects the strong collaboration between Saudi Arabia and Kuwait in managing shared resources, fostering mutual benefits through coordinated efforts in the energy sector. The discovery aligns with their objectives to enhance energy security and maintain stability in global oil markets.