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Thesis & Antithesis

A critical perspective on energy, international politics & current affairs

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Location: Washington, D.C.

greekdefaultwatch@gmail.com Natural gas consultant by day, blogger on the Greek economy by night. Trained as an economist and political scientist. I believe in common sense and in data, and my aim is to offer insight written in language that is clear and convincing.

06 March 2006

Kuwait discovers gas and more oil

The Kuwaiti oil minister has announced that Kuwait has discovered a field with natural gas and oil reserves (link). The estimates put the reserves at 35 tcf (with about 60 to 70 % recoverable) and the oil reserves 10 to 13 billion barrels. This is important both in that Kuwait does not produce natural gas and also because it underlines the potential to find oil and gas even in areas that are as well explored as Kuwait.

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