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
- Special conditions for visa absence permission
- Kuwait- Divorce rates in hot countries are higher compared to others
- Bank account hacked in Kuwait
- Law allows expats to own one real estate property
- Problems at Kuwait Airport
- Single men must live in separate towns
- Fight in a kitchen of a cafe in Mahboula, Kuwait
- Stop issuing work permit & renewal for 60,000 workers
- ‘Unsafe’ girls school shutdown
- No work permit nor renewal of residence for Expats over 60 years old
- Speeds up deportation of illegal residents
- New devices for baggage inspection in Airport
- NO renewal/transfer of residency of Holders of certificates lower than diploma and 65 years
- Kuwait civil authority cancels contracts of more than 3,000 expats
- No room for bachelors
- 3,375 people arrested
- 1.250 million packets of molasses tobacco found, unsuitable for use
- KD 41m collected through expats
- Men arrested with paan and porn
- How to find a job in 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.
