Tuesday, December 16, 2008

Kuwait Natural Gas Interest in USA

A Kuwaiti oil and gas producer says it has discovered nearly 142 billion cubic meters of recoverable natural gas in the southern U.S. state of Texas.

The company, Aref Energy, said Monday that its U.S. project manager is Texas-based energy giant Halliburton.

Aref Energy holds a 50 percent share in the operation in south-central Texas. The company has not named its partners in the operation.

Halliburton says it is taking measures to start gas production operations early next year.

Aref says a survey by the joint venture indicates a total of 538 billion cubic meters of natural gas at the Texas site.

1 comment:

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