Kuwait has discovered two new oil fields, oil minister Mohammad al-Fares announced Jan. 4, according to state news agency KUNA.
One of the discoveries is in the Houma oil field in northwestern Kuwait, with production capacity of 1,452 barrels per day (bbl/d) of light oil. The second is in the Al-Qashaniya Field in north Kuwait, where light oil was discovered with a commercial quantity of 1,819 bbl/d and 2.78 million cubic feet of associated gas per day, KUNA reported.
The minister added that conventional oil was also discovered in the north of the big Burgan oil field, with a daily production rate that exceeded 2,000 barrels, after drilling several wells in 2020 to determine the extent of the field, KUNA said.
The oil and gas rig count rose seven to 439 in the week to April 16, Baker Hughes Co. said in its weekly report.
Production starts at a Shell-operated venture in the Gulf of Mexico, a horizontal Woodford Shale completion in Pecos County, Texas, plus Crestone Peak Niobrara wells in Colorado’s Arapahoe County top this week’s oil and gas drilling activity highlights from around the world.
Trafigura and Puma Energy said in a joint statement on April 16 that Puma had also agreed to sell its Angolan business and assets to Sonangol for $600 million.