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
- Blend of Balance Gathering
- Filipina woman raped by Egyptian man
- 28-year-old Filipina found dead in Khaitan , Kuwait
- Shave the head of harasser , Kuwait
- 8,273 expatriate teachers and 8,060 Kuwaiti teachers will be retired
- Visa Fees and Traffic Violations tickets Increased
- 2 Bangladeshi expats face death penalties
- Environment laws violators to be deported
- Deportation centers overflow with expats
- Video – Fisherman attacked by three men
- New Bidaa Roundabout’s Plan
- No more expats of +50 age in Ministries in Kuwait
- Mobile theft caught in camera in Farwaniya , Kuwait
- 89 more Expats arrested in Hawally
- Now parents can sue school if fees raised
- Son threatens to kill dad
- Subsidy cuts not to affect low-income peoples in Kuwait
- Question and Answer Session on Purify Yourself
- PWF- Open invitation for ladies
- Timelapse Photography Workshop | Events in Kuwait
Filed in: All • Expats in Kuwait • Info • Local News • News • Projects
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
