Kuwait Announces Discovery of 3.2 Billion Barrel Reserve
Kuwait has significantly strengthened its oil reserves by discovering a vast oil field located east of Failaka Island, in the Al-Nokhatha field. Announced by the Kuwait Petroleum Corporation (KPC) on Sunday, the new oil field is poised to substantially enhance the nation’s energy resources, boasting an estimated 3.2 billion barrels of oil reserves. This amount is roughly equivalent to three years of Kuwait’s oil production.
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Sheikh Nawaf Saud Nasir Al-Sabah, CEO of KPC, shared in a video posted on the social media platform X that the discovery marks a monumental moment for the country’s oil sector. The field spans approximately 96 square kilometers and includes substantial oil reserves and significant gas deposits, with preliminary estimates indicating about 5.1 trillion standard cubic feet of gas.
