Easwaran Kanason

Co - founder of NrgEdge
Last Updated: July 8, 2019
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It has been almost five years since the giant Khafji field shared between Saudi Arabia and Kuwait was shut down. Ostensibly on environmental concerns, this precipitated a halt of all activities in the so-called Neutral Zone – a colonial-era border relic that holds a significant amount of oil and gas. After years of stop-start negotiations, reports are now suggesting that the OPEC allies are close to a breakthrough on the matter, which could return up to 500,000 b/d of oil to the market at a crucial time for the global oil supply/demand balance.

Left undefined by the Uqair Convention of 1922 that otherwise established concrete borders for Saudi Arabia and Kuwait, the dry piece of land that is 8 times the size of Singapore was mostly ignored until 1938, when the Burgan oil field was discovered within Kuwait’s borders. A race for exploration began, with Saudi Arabia and Kuwait both awarding overlapping concessions to private companies and Getty Oil finally striking oil in 1948. The Wafra field was discovered in 1953, and in 1960, Japan’s Arabian Oil Company (which held an offshore concession awarded by Saudi Arabia in 1957 and another awarded by Kuwait in 1958) discovered the giant Khafji offshore field. Overlapping claims of sovereignty did not prevent exploitation of the resources, but opaque rights eventually led to a formal partition in 1970 where it was agreed that Saudi Arabia and Kuwait would split production equally under a joint operating agreement. The unique status of the Neutral Zone is exemplified by its structure – its largest onshore oil field (Wafra) is operated by Chevron, the only remaining place in Saudi Arabia and Kuwait where a major asset is held by an international firm.

And it was this arrangement that caused the current quandary. Chevron inherited the Neutral Zone assets through its merger with Texaco in 2001, which itself bought Getty Oil in 1984. In 2009, Saudi Arabia renewed Chevron’s concession for Wafra independently, angering Kuwait as the negotiations were performing without its consultation. Kuwait responded by attempting to evict Chevron from its offices in the Neutral Zone, claiming that the land was planned for the giant Ras al Zour refinery. More tit-for-tat moves escalated and eventually Saudi Arabia shut down Khafji in October 2014 and the entire Neutral Zone in May 2015, removing 500,000 b/d of crude oil from the market in one fell swoop.

That may be coming back now, with Saudi Energy Minister Khalid al-Falih stating that he hopes to reach a deal to resume production by the end of this year. It’ll be a boon not only to both countries, but also Chevron, which was in the midst of a full-field steam flood injection EOR project to boost production of heavy oil when the shutdown hit. Given that much time has elapsed, restoration of full production will take a while. If it does happen, however, those additional volumes could complicate mathematics as OPEC faces a scenario of managing global oil supply through its supply deal to account for lost volumes from Iran, Venezuela and Libya, but also surging American shale production. With total production capacity at a maximum of 600,000 b/d, Neutral Zone output is not small drop in the barrel.

But there is more than just restarting fields at stake. While Khafji and Wafra both have a long life left ahead of them (Wafra is estimated to have 4.9 billion recoverable barrels), the Neutral Zone also contains the offshore Dorra field – a politically-sensitive gas field shared with Iran. Plans to exploit Dorra have been shelved since 2013, but Dorra gas is badly needed to power domestic electricity demand in both Kuwait and Saudi Arabia. A restart will help in that matter, certainly in the long term. And it is the long term that is underpinning the renewed negotiations between Saudi Arabia and Kuwait, even if the short-term impact might be negative on global oil fundamentals.

About the Saudi - Kuwait Neutral Zone: 

  • Also known as the Partitioned Zone, shared between Saudi Arabia and Kuwait
  • Size: 5,570 sq.km (onshore), includes significant offshore areas also claimed by Iran
  • Major fields: Khafji, Wafra
  • Production capacity: 600,000 b/d
  • Average actual production: 500,000 b/d (2014)

Read more:
Saudi Kuwait Neutral Zone Uqair Convention Khafji Wafra Partitioned Zone Arabi
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