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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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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 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 features

Kuwait announces “huge” offshore discovery
NEWS
Kuwait - July 15, 2024

Kuwait has announced a "huge" discovery of light oil and associated gas in the offshore Al Nokhatha field.

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Kuwait commissions key Jurassic gas facilities: report
NEWS
Kuwait - February 21, 2024

Kuwait has reportedly commissioned the Jurassic Production Facilities 4 and 5, which will raise its production of natural gas by…

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Saudi Arabian drilling entity sets IPO price
NEWS
Saudi Arabia - September 20, 2023

Saudi Arabian drilling company ADES Holding Company has set the final price of its upcoming IPO, suggesting a valuation of USD…

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MENA-focused drilling giant aims for $1 bln in IPO
NEWS
Saudi Arabia - August 29, 2023

ADES Holding Company has announced its intention to proceed with an IPO on the Saudi Stock Exchange with the aim of raising more…

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Samira A. S. OMAR
Interview
Kuwait - July 14, 2020

Samira A. S. Omar, director-general of the Kuwait Institute for Scientific Research (KISR), and Osamah A. Alsayegh, executive director of KISR’s Energy and Building…

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Interview
Kuwait - October 25, 2019

Emad Al Sultan, CEO of Kuwait Oil Company (KOC), talks to TOGY about how the company plans to reach Kuwait’s oil and gas production targets, advances made at 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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Interview
Kuwait - July 10, 2018

Nabil Bourisli, CEO of KPC Holdings (Aruba) Group and president of Kuwait Petroleum International (KPI), talks to TOGY about the strategy of the company’s investment…

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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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