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Chevron: Saudi-Kuwait joint Wafra oilfield to remain shut

by ChemOrbis Editorial Team -
  • 01/06/2015 (17:48)
According to media sources, Saudi Arabia and Kuwait will keep their jointly operated Wafra oilfield shut. The oilfield was shut on May 11 initially for about two weeks. According to players, Chevron Saudi office plans to keep Wafra oilfield shut given ongoing disputes with Kuwait regarding the right to operate.

Chevron had earlier reported that they were facing problems obtaining work permits for their expatriate staff, which could hurt production in the Neutral Zone. Difficulties in securing materials have also impacted the company’s operations in the zone.

According to sources, the Neutral Zone is the only place in Saudi Arabia and Kuwait where foreign oil firms have equity in fields, which are otherwise owned and operated by state oil companies. Crude output is divided equally between the two countries.
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