KUWAIT: Kuwait Oil Company announced on Monday the discovery of commercial volumes of hydrocarbons in the maritime Al-Julaia field, located within Kuwait’s territorial waters. KOC said in a statement to KUNA that the discovery is the latest of a series of continuous discoveries, solidifying Kuwait’s status as a major producer of oil and gas in the region, in implementation of the exploration strategy in Kuwait’s maritime region.

It added that tests at Al-Zubair geological trap (from the Cretaceous period) at the well Julaia-2 forecast feasible productivity. Stretching across a 74-sq-km plot of land, it harbors 800 million barrels of medium-density oil free from hydrogen sulfur gas with low proportion of carbon dioxide, in addition to 600 billion standard cubic feet of associate gas, equivalent to some 950 million barrels of oil.

The discovery is a significant addition to hydrocarbons in Kuwait, the statement said, indicating that it would boost forecasts of more discoveries dating back to the same period, noting that the Al-Julaia field is the second in the current exploration plan after the discovery of the Al-Nokhaza maritime field in July 2024. — KUNA