(MENAFN- Khaleej Times)The grades found in the fields were both light and heavy oil with preliminary results showing huge commercial volumes.
Kuwait – Kuwait has discovered four new oilfields in the north and west of the country a top oil official was quoted as saying by state news agency KUNA on Sunday.
In a statement to Kuwait News Agency (KUNA) Hashem Hashem the chief executive of Kuwait Oil Co said exploration activities have moved ahead despite the declining oil prices.
“The (new) fields will be developed and production will start briefly” he said adding that the new discoveries had been announced after two years of exploration activities had proved positive.
Two reservoirs for unconventional oil in the north of the country were also discovered Hashem said.
The grades found in the fields were both light and heavy oil with preliminary results showing “huge commercial volumes” KUNA quoted Hashem as saying.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.