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
- Filipina domestic worker raped for several times
- Eighteen Filipinos arrested
- New Kuwait Airways
- Eid al Fitr 2016 Holidays
- Gang of women arrested in Kuwait
- Annual leave salary should be paid before employee proceeds on leave
- Court sentenced two expatriate sisters to jail of two years with hard labor
- Dutch woman kidnapped and detained in Hawally
- Two Filipinas caught in Jabriya , Kuwait
- Traffic offenses will be lifted from June 12 and Settle fines in one month
- Person arrested at the airport with 50 snakes
- Kuwait deported 14 more people
- Man died in an accident with camel
- Wanna take a ride? …..The SeaBike has arrived in Kuwait!
- Work permits transfer in 300 KD
- Good deeds feel a little extra good in Ramadan
- Annual tape ball cricket tournament 2016 ( IEC youth wing Kuwait )
- Three women deported
- 11 people caught at Kuwait Airport
- Timings of all clinics during Ramadan
Filed in: All • Expats in Kuwait • Info • Local News • News • Projects
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
