Saudi Arabia, Kuwait sign an MoU to develop the Durra gas field
Saudi Arabia and Kuwait signed a memorandum of understanding (MoU) to develop the Durra gas field.
Durra gas field is located in the submerged area adjacent to the divided area between the two countries.
The aforementioned MoU has been signed by Kuwait Gulf Oil Company and Saudi Aramco Gulf Operations Company.
The acting CEO of Gulf Oil, Khaled Al-Otaibi, said, “The joint Durra development program aims to produce non-associated gas in total quantities equivalent to one billion standard cubic feet of gas per day”.
He continued his speech by saying that the two countries also aim to produce 84,000 barrels per day of liquefied gas.
“The memorandum includes procedures for developing the field, resulting from the implementation of the items stipulated in the minutes of the ministerial meeting” Al-Otaibi added.
The MoU also includes re-evaluation and completion of the engineering studies for the Durra project, and the formation of a specialized technical team to implement the project.
“Kuwait and Saudi Arabia want to explore the subject of Dora gas as a team with Iran since the resources in the sector are a mutual interest between us,” Saudi Energy Minister Prince Abdulaziz bin Salman said last May.
Saudi Energy Minister Prince Abdulaziz bin Salman’s remarks came at the inauguration of the 29th Middle East Conference for Oil and Gas, which took place in the Kingdom of Bahrain.
A few days later, the Iranian government declared that drilling activities in the Arash / Al-Durra field, which is jointly owned by Saudi Arabia and Kuwait, will begin shortly.
Kuwait recently indicated that it would begin drilling operations without negotiating with Iran.
Iran’s Foreign Ministry spokesperson, Saeed Khatibzadeh, affirmed that his nation had the right to invest in the “Arsh / Al-Durra” field, which it shares with Kuwait and Saudi Arabia.
Khatibzadeh was reported by IRNA as stating on the new deal between Saudi Arabia and Kuwait: The “Arsh/Durra” field is a cooperative field involving Iran, Kuwait, and Saudi Arabia, with portions of it located in undefined seas between the two countries.
