BACK TOCOMPANIES

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.
Read The Full Interview
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 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…

READ MORE
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…

READ MORE
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…

READ MORE
The Energy Year Kuwait 2023 Book Launch and Awards Ceremony
The Energy Year Event
Kuwait - June 15, 2023

The event featured a keynote speech by Ahmad Jaber Al-Eidan, CEO of Kuwait Oil Company, as well as keynote addresses by event…

READ MORE
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…

READ MORE
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…

READ MORE
Odfjell secures Kuwait well contract
NEWS
Kuwait - January 16, 2018

Odfjell Drilling has won an onshore well services contract from Kuwait Oil Company, the Oslo-listed company said in a press release on Tuesday.

Odfjell will…

READ MORE
Kuwait brings new Sabriyah phase on line
NEWS
Kuwait - January 11, 2018

Kuwait Oil Company on Wednesday announced the startup of a new phase of production at the Sabriyah oil and gasfield.

State news agency Kuna reported that the field…

READ MORE
Interview
Kuwait - June 28, 2017

Jamal Abdul Aziz Jaafar, CEO of Kuwait Oil Company (KOC), talks to TOGY about the impact of OPEC cuts, the importance of international partnerships and opportunities in…

READ MORE
Interview
Kuwait - June 20, 2017

TOGY talks to Fahad Al Dihani, deputy CEO for the Mina Al Ahmadi refinery at Kuwait National Petroleum Company (KNPC), about the progress of the Clean Fuel Project…

READ MORE
Petrofac lands KOC training deal
NEWS
Kuwait - June 13, 2017

Petrofac on Tuesday said it had been awarded a five-year contract by Kuwait Oil Company (KOC) for technical training and competency development services.

The work,…

READ MORE
Interview
Kuwait - May 26, 2017

Abdulla Al Sumaiti, deputy CEO for South and East Kuwait at Kuwait Oil Company (KOC), talks to TOGY about the upcoming projects that will support Kuwait’s oil…

READ MORE
TEY_post_Rabie-RUZIEK
Interview
Kuwait - May 18, 2017

TOGY talks to Rabie Ruziek, executive manager of Terranaut Technology, about the company’s current projects, the evolving demand for equipment and the use of new…

READ MORE