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
- Business Etiquette Course , Kuwait
- Lo’Jo in Kuwait , Kuwait
- Bomb Threat in plane at Kuwait Airport
- Movie Night: Seven Wonders of the Muslim World
- Art exhibition by Egyptian artist Ahmed Farid in FA Gallery, Kuwait
- A Night In , Kuwait
- Kuwait Airways to start flights to Ahmedabad and Bangalore , Kuwait
- Persian Gulf War
- Photos & Videos – Hala February 2015
- Hala February 2015 Celebration , Kuwait
- Double Wicket Championship , Kuwait
- Benchmark Forum , Kuwait
- Airshow by Kuwait Air Force
- 559 Indians died in Kuwait in 2014
- New Passport Validity required for Kuwait Visa
- Indian Women’s Association will present an art Exhibition, Kuwait
- Route 15 , Kuwait
- Musical evening with the artist Hamad al-Ammari
- K’sPath Beach Cleanup 2015
- Grand Mosque Guided Tour , 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.
