Saudi Arabia, Kuwait to resume production in Wafra oilfield
Monday, February 24, 2020
The inactivity in the Wafra oilfield may be coming to an end as Saudi Arabia and Kuwait have authorized the resumption of oil production after nearly five years, according to OilPrice.com.
Since May 2015, the Wafra oilfield has been inactive due to a dispute between Saudi Arabia and Kuwait. However, at the end of 2019, the two countries reached an agreement to resume oil production from the two oilfields they share in the Partitioned Neutral Zone (PNZ), established between Saudi Arabia and Kuwait in 1922.
As of 2015, the oil production capacity in the neutral zone stood at a total of 600,000 bpd, equally divided between Kuwait and Saudi Arabia, according to the Energy Information Administration (EIA), while daily production averaged 500,000 bpd.
Learn more: OilPrice.com > Saudi Arabia and Kuwait are finally ready to restart they 500,000 Bpd oilfields
Leave a Comment
Marcellus & Utica Shale Well Map
Additional Shale Maps
Shale FAQ
What is fracking?
Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock.
Is it safe?
What most concerns people about fracturing is ground water contamination. The worry is that fractures underground, caused by the process, will extending upwards and into aquifers, releasing gas and chemicals into the ground water supply. There’s been no confirmed reports of such a thing happening. Though surface spills and drill site blowouts can lead to localized environmental concerns.
Will my water catch on fire?
Flammable water is caused by the release of methane gas into a drinking water supply. Methane gas occurs naturally and can be released by any kind of drilling, including water wells. In Pennsylvania officials fined Chesapeake Energy $1 million for contaminating ground water with methane. It was determined that the company had not properly cemented it’s boreholes and gas migrated up the well, between rock and into aquifers.