Market
Will Kuwait Oil Company begin production at the newly discovered offshore field by end of 2025?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from Kuwait Oil Company or Kuwaiti government publications
Story
Kuwait Oil Company Discovers Offshore Field with 800 Million Barrels, Total Reserves Near 1 Billion Barrels
Jan 20, 2025, 02:43 PM
Kuwait has made a notable discovery of oil and gas reserves, with estimates suggesting nearly 1 billion barrels. The Kuwait Oil Company reported an offshore field containing approximately 800 million barrels of oil, according to KUNA, the state news agency. This discovery is expected to bolster Kuwait's oil production capacity and enhance its position in the global energy market.
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Similar markets
More than 160,000 barrels per day • 25%
Less than 120,000 barrels per day • 25%
120,000 to 140,000 barrels per day • 25%
140,000 to 160,000 barrels per day • 25%
Yes • 50%
No • 50%
