Saudi Arabia, Kuwait to Tender Dorra Field Early 2013, MEED Says

Saudi Arabia and Kuwait have delayed a tender to develop the jointly-held offshore Dorra natural gas field until early 2013, MEED projects news service said on its website, without saying where it got the information.

The Dorra field will be developed by Khafji Joint Operations Co., a venture between Kuwait Gulf Oil Co. and Aramco Gulf Operations Co. The field is estimated to hold 60 trillion cubic feet of gas, according to MEED.

Management of KJO, as the venture is known, rotates every three years between its partners, and MEED said it expects field development to accelerate next year when Saudi Arabia takes over management.

To contact the reporter on this story: Wael Mahdi in Manama at wmahdi@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.