Bid & Tender
Kuwait, Saudi to Resume Production from Neutral Zone in 2019

Date : Jul 09, 2018

Japan's Toyo Engineering Corp said last week that Khafji and Hout oilfields in Kuwait's jointly operated fields in the Neutral Zone with Saudi Arabia would resume output in 2019.

 

The Japanese firm said it won a third renewal of General Engineering Services Agreement (GESA) from Al-Khafji Joint Operations (KJO), under which the two nations jointly operate Khafji and Hout Oil Fields.

 

By the renewal, Toyo Engineering said it is scheduled to support KJO until 2023 on project planning feasibility study, FEED and technical support.

 

"Maximum oil production rate of the fields is 350,000 barrels per day," Toyo Engineering said in a statement. "Due to lower crude oil prices, the production of the oil fields was suspended at 2014. Because of oil price recovery, KJO starts the preparation work to re-produce oil from the fields from 2019."