NO. 19


Neutral Zone

AOC and JNOC to Study Neutral Zone Deep Field

The Arabian Oil Company (AOC) and the Japan National Oil Corporation (JNOC)will launch a study on the recovery of oil from a deep offshore field in theSaudi-Kuwaiti Neutral Zone located near the Khafji and Hout oilfields. The fieldhas an estimated 4bn barrels of crude oil reserves and the two companies are tocarry out a five-year exploration program costing $31.7mn starting in 1992. Sofar it has been...