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
- 364 New coronavirus cases in Kuwait in last 24 hours
- Filipino nurse dies from coronavirus in Kuwait
- Gulf bank staff tested positive for Coronavirus
- According to Al-Anba “Experts say no vaccine for Corona before 2036”
- Be ready to return to work, inshaAllah
- Bank staff tested positive for Coronavirus
- Volunteer tested positive for coronavirus in Supermarket
- 2 volunteers in Mubarak Al-Kabeer cooperative infected with coronavirus
- Multiple weapons found
- Ministries to plans to back to work
- Call to develop other shopping mechanisms and close co-operative societies
- WhatsApp ups limit on video calls to eight people
- 18,000 expats ready to leave Kuwait
- 300 new infection from coronavirus in Kuwait
- 17,428 Expats quarantined
- Video – Oil sector established hospital in two weeks in Kuwait
- 152 new coronavirus cases in Kuwait
- Stop tenants to be evicted from apartments
- Indian ships ready to evacuate Indians
- Kuwait Cabinet advises reopening some car businesses
Filed in: All • Expats in Kuwait • Info • Local News • News • Projects
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
