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
- KTAA Bazaar , Kuwait
- Official Video of Kuwaiti Aircraft & Malaysian Aircraft were about to collide
- New film Airlift starring Akshay Kumar (Indian Actor) is based on true incidents in Kuwait
- New health insurance system for expatriates in Kuwait
- Short Film in Al Shaheed Park , Kuwait
- Young Sounds by LOYAC , Kuwait
- Lecture on Empowering Ummah , Kuwait
- The Musical Pop Tastic by BAIA in BSK , Kuwait
- Tulu koota Kuwait present Rasamanjari 2015 , Kuwait
- Al Shehab Wins Red Bull Kart Fight in Kuwait @redbullkuwait
- Lecture : Jinns and Magic by TIES Centre , Kuwait
- Lecture : What is etiquette?
- Exhibition : New Species by Hunt Slonem in Sultan gallery , Kuwait
- Launch of Kidzine Magazine, Kuwait
- Workshop : Bake & Brew , Kuwait
- FIRST OPEN WATER RACE @alcornicheclub , Kuwait
- Trolley Race in The Sultan Centre , Kuwait
- First K-Pop Youth Festival in Kuwait
- Al Shaheed Park , Kuwait #alshaheedgarden @Alshaheedpark #alshaheedpark
- Video wherein Kuwaiti Aircraft & Malaysian Aircraft were about to collide
Filed in: All • Expats in Kuwait • Info • Local News • News • Projects
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
