Saudi Arabia and Kuwait have signed an agreement for the development plan for the joint Dorra offshore gas field, according to a statement.
The deal was signed during a meeting between the Saudi and Kuwaiti energy ministers.
The field is expected to produce 1 billion cubic feet of natural gas per day with 84,000 barrels of condensate daily.
Production will be divided equally between the two sides.
Both countries have also agreed to enable the establishment of Al Khafji joint operations company, which is a joint venture between Kuwait Gulf Oil Co. and Aramco Gulf Operations.—AN