The Kuwaiti Ministry of Oil announced the resumption of oil production from two joint fields with Saudi Arabia since the beginning of this month.
The ministry indicated in a tweet on Twitter that the resumption of production comes after a five-year hiatus in the joint oil field of Wafra with Saudi Arabia, and production also returned in another joint field, the Khafji field, after a one-month hiatus.
Wafra and Khafji fields are located in the neutral zone divided on the borders between the two countries, and Saudi Arabia and Kuwait succeeded in reaching an agreement during last December regarding the resumption of oil production in that region.
Saudi Arabia's Chevron, which operates the Wafra field in partnership with the Kuwait Gulf Oil Company, said in June, through a statement, that the two companies were preparing to resume operations.
Abdullah Al-Shammari, executive vice president of financial and administrative affairs at the Kuwait Gulf Oil Company, which manages the field, said that the initial production of the abundance is expected to reach 10 thousand barrels per day, reaching 70 thousand barrels per day at the end of next August, then 145 thousand per day by the end of 2020.
Al-Shammari added - last June - that Al Khafji production is expected to reach about 80 thousand barrels per day in the beginning of July, then 100 thousand barrels per day two months after its operation, up to 175 thousand per day by the end of this year.
The two members of the Organization of the Petroleum Exporting Countries closed the Khafji field in October 2014 for environmental reasons, followed by the closure of the "abundance" in May 2015, with operational obstacles.