Riyadh, Saudi Arabia—Saudi Arabia has signed a memorandum of understanding (MoU) with Kuwait on Sunday to develop Al-Durra gas field shared between the two countries.
President and CEO of Saudi Arabian Oil Company Eng. Ali Bin Saleh Al Ajmi signed the MoU for the Saudi side, while CEO Kuwait Gulf Oil Co Eng. Khaled AlOtaibi signed for the Kuwaiti side.
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The signing of MoU is considered an implementation of the minute of developing Al-Durra submerged field that was signed in March 2022, where the work shall resume directly on the project of developing Al-Durra field, in addition to accelerating the works based on the program implementation and time schedule plan approved by the two countries.
The development of the field comes in implementation of the MoU signed by Saudi Arabia and Kuwait in 2019, which included the joint work to develop and utilize Al-Durra field, which will produce roughly one billion cubic feet of gas equally between the two countries.
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