Interview
Mexico - July 13, 2022
Mako Yáñez, CEO of Núcleo Sepec, talks to The Enegry Year about how the company has secured its key position in Mexico’s upstream scene and how it is deploying…
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Kuwait Oil Company
Emad AL SULTAN
CEO
KUWAIT OIL COMPANY
The oil and gas production contribution from new prospects is critical to achieving our production targets.
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Great expectations
Kuwait Oil Company (KOC) undertakes exploration, drilling and production of oil and gas in Kuwait, operating under the umbrella of the Kuwait Petroleum Corporation. As the country pursues its strategy of ramping up production capacity to 3.65 million bopd by the year 2020 and 4.75 million bopd by 2040, KOC is focusing its efforts on three areas: boosting of non-traditional heavy oilfields, the implementation of novel technology and the optimisation of EOR techniques.
- Operating zones: The company operates in three distinct areas that, along with the Partitioned Zone, define Kuwait’s upstream activity: North Kuwait, West Kuwait, and South and East Kuwait.
- Offshore horizons: KOC is launching the development of Kuwait’s offshore oil, with partner Halliburton currently drilling an initial 6 wells.
- Heavy oil: KOC’s efforts to develop viscous oil are concentrated at the South Ratqa field, which holds 15 billion barrels in reserves.
- Jurassic gas: Another key focal area for the company is the exploitation of light oil and non-associated gas from Jurassic reservoirs located in North Kuwait. It expects to commission two new Jurassic production facilities by 2022 to expand these operations.
Kuwait Oil Company in figures
KOC's targeted 2023 oil production:3.2 million bopd
KOC's targeted 2023 gas production:25.5 mcm per day
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