Discovered new huge oil reserves in Kuwait
Kuwait has discovered large quantities of crude oil in several strategic areas that could potentially increase the country’s production levels to 3.3 million barrels in two years, Al-Khaleej has reported. According to the news agency, seismic surveys conducted by the Kuwait Oil Company (KOC) on several areas of sea and land confirmed the presence of huge reserves of crude oil.
Sources told local press that the discovered reserves herald good news for Kuwait in the coming years with regards to increasing the country’s oil and gas reserves and increasing its production capacity, as well as both the quantity and quality of extracted oil.
The sources added that the seismic surveys of marine areas conducted by KOC and the Kuwait Gulf Oil Company proved that some of the offshore and onshore fields have extended reserves, thus enhancing the quantity of those reserves and increasing future production quantities.
Kuwait’s current production rate is around 2.9 million barrels per day, and the Kuwait Oil Company was able to compensate for the lost production quantities from the Al-Wafrah and Al-Khafji oil field during the last period.
Meanwhile, sources said the amount of heavy oil in the north of Kuwait will increase with the new discovery, pointing out that the heavy oil production is likely to increase to 3.3 million barrels a day.
Source : MIddle East Monitor
Kuwait News
- Events in Kuwait
- National and liberation days holidays 2016
- 21 Filipino nurses fly to home
- Red Bull’s King of the Rock in Kuwait
- Flight the longest flag of the world of Kuwait
- Night in at Bayt Lothan | Events in Kuwait
- Moms get together | Events in Kuwait
- Are you on the yellow side ? #ontheyellowside
- Garden Fete | Events in Kuwait
- Kuwait Kite Festival 2016
- Crackdown to six governorates , Kuwait
- Prostitutes arrested in Mahboula , Kuwait
- New Visa and Traffic Violation fees approve
- Re-write and transform your life
- BBS Alumni Ramadan Bazaar
- Exhibition : Selection from Contemporary Egyptian Art
- Carnival in Pakistan Excel English School | Events in Kuwait
- Anime Drawing Workshop
- Improve your public speaking skills
- Business Continuity Management Workshop at Sirdab lab
- Live Virtual Reality Experience
Filed in: All • Expats in Kuwait • Info • Local News • News • Projects
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
