We show you our most important and recent visitors news details Kuwaiti, Saudi partners mull Partitioned Zone operations in the following article
Hind Al Soulia - Riyadh - KUWAIT — Representatives of the Kuwait Gulf Oil Company (KGOC) and Saudi Arabian Chevron held a virtual meeting on Thursday to discuss the production rates of the onshore Wafra Oilfield in the Partitioned Zone (PZ).
Both sides reviewed the implementation of instructions of the ministries of energy of both countries in the light of the relevant memorandum of understanding (MoU), KGOC said in a statement.
The KGOC delegation to the meeting was led by the company’s Acting CEO Abdullah Ali AL-Sumaiti while Haim Al-Roweily led the Saudi Arabia Chevron side.
The meeting was part of the constant follow-up of Wafra PZ operations, which led to the export of the first oil shipment from the zone on Tuesday, according to the statement.
Both sides renewed commitment to the provisions of the MoU and the appended agreement the PZ signed on Dec. 24, 2019.
They explored ways to protect the local environment, including how to reduce gas flare and make better use of associated petroleum gas, as per the environment protection rules.
They also discussed the partnership in the development of Al-Zour area, Kuwait, with regard to the MoU on the takeovers of facilities in the area in collaboration with weld-renowned consultancies.
Al-Sumaiti said the meeting coincided with both companies celebrating the success of the export of the first oil shipment from Wafra PZ.
KGOC, founded in 2002 as a subsidiary of Kuwait Petroleum Company (KPC), is in charge of the management of Kuwait quota of the hydrocarbon resources of Wafra PZ, he noted.
The Divided Zone Agreement between Kuwait and Saudi Arabia entered into force, after being approved, along with the MoU by Kuwait’s National Assembly on Jan. 21, 2020. — KUNA
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