Kuwait Oil Co. has made a significant breakthrough in its exploration efforts with the discovery of substantial reserves of light oil and gas in the Al-Nukhida field. This discovery, located off the coast of Failaka Island, is being hailed as a "turning point" for the company's offshore exploration endeavors. Initial estimates suggest that the field holds approximately 2.1 billion barrels of light oil and 5.1 trillion standard cubic feet of gas, totaling 3.2 billion barrels of oil equivalent in the Manageesh strata. This development is poised to have a major impact on Kuwait's energy sector and solidify its position as a key player in the global oil market. With this find, Kuwait Oil Co. is positioning itself for continued success and growth in the industry.