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
- Indian Bangara & Gidha Group Performance , Kuwait
- Moiseyev Ballet in Kuwait
- Conference : Women and Social Change , Kuwait
- Prostitute Ring arrested in Hawally , Kuwait
- Radio tower fell down due to Lightning strike and Wind last night in Murtiba , Kuwait
- Crackdown against illegal Dish TV in Kuwait
- Most watched video related to Raining in Kuwait
- Man caught bribing KD 1,500 for 3 Filipinas release
- Video – Big Cats in Kuwait
- Kuwait in Silver Safety Competition
- Video – Egyptian stuck in sewage pipe during swimming in Kuwait
- GLOBAL EDUCATION FAIR in Kuwait
- Off day Notification for Thursday 29.10.2015 due to bad weather
- Indonesian maid not paid for 10 yrs in Kuwait
- Kuwait to deport 23 expats with their families
- Johny Lever coming to Kuwait by ICS
- Diwalli Bazaar in Kuwait
- Yellow Cars Parade , Kuwait
- Fun Zone Winter Camp , Kuwait
- Qout Market , 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.
