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
- Over 400 arrested in Kuwait
- Renewal of driving license from “Driver” designation to new designation
- School Bus driver raped the student in Jaber al Ahmed , Kuwait
- Girl dancing and holding a hose for protest
- Increase of 75 food items prices in Kuwait Market
- US citizen gets death sentence in Kuwait
- e-system for visa 20
- Public Prosecution issued a warrant to arrest
- Bake and Educate Kuwait
- Teacher hit her student’s father with high heels at a speed of 3,000 km/h
- Girl killed and buried in abandoned house
- New Fuel prices for October in Kuwait
- Dead maid found hanged in bathroom
- Visa to Kuwait for Pakistanis
- Abortion and surgeries in 20 KWD in Jleeb
- Residence visas for 226 expat
- E-passport system and the DNA law in Kuwait
- I hate women – Spitted on Women
- Drugs Smugglers by use of Drone arrested
- Police Chase caught in Camera
Filed in: All • Expats in Kuwait • Info • Local News • News • Projects
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
