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
- User Id and passwords issued to renew online residence
- Egyptian smuggles compatriots for KD 50 from Jleeb
- 22 Nurses infected with coronavirus in one Hospital
- As per SUTD, Coronavirus crisis in Kuwait will end on May 29 (AlRai)
- Recommendation added to open main mosques with precautions and grant for salaries
- MOH: Difficult to sure that work will resume normally after Eid
- Coronavirus cases in Kuwait as of 25.04.2020
- Filipino infected with coronavirus commits suicide in Amiri hospital
- 3 nurses infected with coronavirus in Kuwait
- Imprisonment for a month and a fine of 100 KD
- Coronavirus cases in Kuwait as of 24.04.2020
- Curfew shopping allowed in 36 cooperative societies (Kuwait Times)
- Total curfew update on Jleeb and Mahboula
- Partial curfew Extended in Kuwait
- Co-operative society employee infected by coronavirus
- Kuwait Flour Mills clarifies on Rumaithiya branch
- Lifting of curfew or likely to extend 2 more weeks
- Today, 28 flights will land to Kuwait
- 500 people quarantined in Hawally
- Kuwait reports 1 new coronavirus death
Filed in: All • Expats in Kuwait • Info • Local News • News • Projects
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
