Chevron to restart Wafra oilfield on Saudi-Kuwaiti Neutral Zone

Chevron is preparing to restart production at the Wafra oilfield in the Kuwaiti-Saudi Neutral Zone, Reuters reported, citing a company statement on Thursday.

Kuwait and Saudi Arabia, both members of the Organization of the Petroleum Exporting Countries (OPEC), agreed last year to end a 5-year dispute over the border area known as the Neutral Zone, allowing production to resume at 2 jointly run fields.

Wafra has been shut since May 2015 and had output capacity of about 220,000 barrels per day (bpd).

Saudi Arabian Chevron (SAC) operates the field on behalf of the Saudi government together with the Kuwait Gulf Oil Company (KGOC).

"SAC has now embarked on a series of pre-startup activities, which includes efforts to ensure its workforce is ready to safely restart operations and then production," Chevron said.