Kuwait Petroleum Corporation Unveils Over 3 Billion Barrels in New Field, Equivalent to Over Three Years of Country's Entire Oil Production

  • last month
Kuwait Petroleum Corporation announced a significant oil discovery near Failaka island, with estimated reserves of over 3 billion barrels. KPC's CEO  stated that this discovery is equivalent to Kuwait's oil production over three years. The newly discovered oil well spans approximately 96 square kilometers and contains over 2 billion barrels of light oil and over 5 trillion cubic feet of gas.

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