Emad Al Sultan of Kuwait's KOC

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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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

Kuwait Oil Company

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 features

Martin Pearson Mazrui
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Martin Pearson, director of Mazrui Energy Services (MES), talks to The Energy Year about the company’s strategy on in-country…

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Ravi Varrier Al Rashed
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Kuwait - August 17, 2020

Ravi Varrier, CEO of Al Rashed International Shipping Company, talks to The Energy Year about how the company has navigated Covid-19 and the oil price drop and how the…

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OULA Abdulhussain AL SULTAN
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Kuwait - July 20, 2020

Abdulhussain Al Sultan, chairman of Oula, talks to The Energy Year about how the company has felt the impact of the Covid-19 crisis and the outlook for changes in the…

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Kuwait signs $1.3-bln rig deals
NEWS
Kuwait - November 19, 2018

Kuwait Oil Company has signed deals to purchase at least 86 drilling rigs worth about USD 1.3 billion, local media reported over the weekend.

It is the largest…

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Kuwait eyes output boost
NEWS
Kuwait - November 07, 2018

Kuwait is planning a boost in oil and gas output after the launching of a new crude grade, local and international media reported on Wednesday.

“The company seeks…

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Interview
Kuwait - August 2, 2018

Sadoun Ali, CEO and vice-chairman of Qurain Petrochemical Industries Company (QPIC), talks to TOGY about the state of Kuwait’s petrochemicals market, advice for…

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Kuwait plans drilling tender
NEWS
Kuwait - June 11, 2018

Kuwait is preparing to issue a tender for drilling services in West Kuwait, local media reported on Sunday.

One or more contracts for integrated oil drilling…

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WorleyParsons in Kuwait, Abu Dhabi deals
NEWS
Multinational - March 22, 2018

WorleyParsons has received two project management consultancy contracts from Kuwait Oil Company and ADNOC, international media reported on Wednesday.

In Kuwait, the…

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Kuwait brings more Jurassic gas on line
NEWS
Kuwait - January 29, 2018

Kuwait Oil Company has launched production of gas and light oil at the West Al Raudhatain early production facility (EPF) in the Raudhatain field, local media reported…

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