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
- Woman held for prostitution
- The Dancing Divas presents Jhoomte Sitare
- Kuwait Sentenced 30 females to one year jail and 5000 are suspected
- Visitors born before 1951 denied entry to Kuwait
- Calculation of leave salary in Kuwait
- One day GCC Hockey tournament
- Bachat Bazaar in Salmiya , only for Ladies
- Couple Arrested
- Sweat Race – Events in Kuwait
- Workshop : Visual Therapy presents Character Design Workshop
- 16 years old boy arrested at airport
- Five boys and 4 girls arrested with liquor
- ‘Highway’ to be closed daily for 6 hrs
- Lecture : Basics of Photography – Pindot
- 118th Philippine Independence Day celebration in Kuwait
- 300 cases of sexual harassment and 80 ‘illegal’ pregnancies
- Deportation for environment law breakers
- 13 individuals arrested including 10 juveniles in 6 governorates
- AUKCON in AUK
- Babies are being offered for sale at KD 250 each 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.
