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Kuwait's neutral zone output hits 260,000bpd in May

01 June 2010

Kuwait Gulf Oil (KGOC) has said that oil production from the neutral zone, which the country shares with Saudi Arabia, hit 260,000 barrels per day in May, Reuters has reported. Kuwait and Saudi Arabia plan to increase the percentage of oil recovered from the fields with oil major Chevron to maintain onshore output. "We're waiting for the full picture which we anticipate in mid-2011 to see if pilot is successful so we can decide whether to develop or not," Bader al-Khashti, KGOC managing director said.

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