Kuwait Oil Company (KOC) announced on Tuesday that it has made a significant discovery of hydrocarbons in the Jaleya offshore field. The field holds an estimated 800 million barrels of medium-grade crude oil and approximately 600 billion standard cubic feet of associated natural gas.
The discovery is the second major find in Kuwait’s territorial waters. Last July, KOC announced a massive oil and gas discovery at the Noukhatha offshore field, located east of Failaka Island, with reserves estimated at 3.2 billion barrels of oil equivalent.
KOC has intensified its exploration activities in the offshore region. The company is currently drilling six exploratory wells as part of the ongoing phase of its operations.
In addition, the state-owned company plans to conduct a 3D seismic survey to enhance the precision of future exploration efforts.
Company officials stated that preparations are underway for the second phase of drilling and production in the area. This phase will cover over 6,000 square kilometers and include a comprehensive 3D seismic exploration project to map the region in greater detail.