A large new oil and gas reserve has been discovered in the emirate of Kuwait, according to the state-owned Kuwait Petroleum Corporation (KPC).
This was stated by KPC CEO Sheikh Nawaf Saud Nasir Al-Sabah in a video posted by the company
The state-owned company said the deposit contains an estimated 3.2 billion barrels (159 liters of crude oil equivalent), about 2.1 billion barrels of light oil and 5.1 trillion cubic feet of gas.
The deposit is located in the Al-Nochatha field east of Kuwait’s Failaka Island, which is located about 20 kilometers east of the capital Kuwait in the Persian Gulf.
Source: Krone
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