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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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Interview
Saudi Arabia - January 6, 2016

Raed Al Rayes, deputy chief executive and general manager of the Arab Petroleum Investments Corporation (APICORP), discusses investments for oil and gas industry…

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Faisal Al Hamad
Interview
Kuwait - December 18, 2015

Faisal Al Hamad, the CEO of NBK Capital, talks to TOGY about how a turbulent global market has shaped Kuwait’s financial regulatory structure, as well as what oil and…

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Rami WADIE
Interview
Kuwait - November 19, 2015

Rami Wadie, corporate governance and enterprise risk services partner at Deloitte, talks to TOGY about the dangers of declining standards in new markets, cyber threats…

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Mohammad AL FAHOUM
Interview
Kuwait - September 16, 2015

Petrofac Kuwait country manager Mohammad Al Fahoum talks to TOGY about gas opportunities in Kuwait, international technology trends affecting the country’s expansion…

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Interview
Kuwait - July 13, 2015

Aiman Bohendi, general manager of Eastern National Oilfield Services, talks to TOGY about how locals can compete with global players and meet the challenges of the…

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Petrofac won $780-million EPC contract
NEWS
Kuwait - July 10, 2015

Oil and gas company Petrofac was awarded a $780-million engineering, procurement and construction contract for Kuwait’s Oil Company’s manifold group trunkline for a…

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KOC awards EPC contracts
NEWS
Kuwait - July 16, 2014

Last week, the Kuwait Oil Company awarded three contracts for gathering centres, worth a total of $2.3 billion, to Petrofac, Dodsal Group and Larsen & Toubro. The…

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