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
- Three prostitutes arrested in Farwaniya
- Residency transfer procedures within one month
- Grand Cinemas to open first 4D theatre in Kuwait
- Cross -dressers and a woman arrested
- A Pakistani and an Indian arrested in Abu Halifa
- Fine range between KD 5 and KD 200 depending on the nature of offence
- Change in Job Designation on Work Permit
- Kuwait airport baggage inspection to full alert
- Male prostitutes arrested in Kuwait
- Big snake found inside electricity meter box
- Several people arrested during raids on illegal residents
- Filipina raped by two boys
- Four Dutch prostitutes arrested in Kuwait
- KPBD Blood & Platelet Donation Camp
- Korean Fan Calligraphy
- Workshop : Building Your Comic Book World 101 with Hisham Najem
- Speech : Istaqbaal e Ramadan by PQNCK (Only Ladies)
- Hardees Heat 61 Championship
- Seminar : Walk in Seminar on UK Entrepreneur and Investor
- Yoga at the Park (Only for ladies)
Filed in: All • Expats in Kuwait • Info • Local News • News • Projects
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
