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KOC to produce 800000 barrels a day from North Kuwait

Latest News Kuwait City 04 Jan 23
KOC to produce 800000 barrels a day from North Kuwait
Kuwait Oil Company to produce 800,000 barrels per day from Northern Kuwait by 2026.
Fee
Event Location
Kuwait, Kuwait
Area
Kuwait City
Start Time
04 January 2023, 12:00 AM
End Time
31 January 2023, 12:00 AM
Website

Kuwait Oil Company said that a road map has been drawn up to boost the country’s production and reach production of 800,000 barrels per day from northern Kuwait by 2026.

The company stated that the most prominent achievement in the field of boosting production in 2022 is that its level in the northern Kuwait operations area has reached 600,000 barrels per day. The company indicated that the share of the northern fields will reach 25% of the company’s total oil production within 5 years, pointing out that the road map aims to produce 700,000 barrels within two years from now, reports Al-Qabas daily.

The company has indicated that digital transformation is one of the current top priorities in moving to advanced and more advanced stages. In this context, it launched the “Digital Excellence Platform”, which was implemented first for the departments concerned with heavy oil production in the Umm Naqa and South Ratqa fields.

The Kuwait Oil Company indicated that the Development Drilling Group 1 succeeded in one of its most important projects for the fiscal year 2021- 2022, by improving the performance of drilling rig operations in the fields of northern Kuwait. The project contributed to the early delivery of wells to put them into production, 175 days ahead of schedule, in addition to saving about 1.75 million dinars, by raising the efficiency of drilling operations in 12 drilling platforms.

The group also succeeded in achieving three distinguished achievements, which are the drilling of the first multi-sided well in the Middle East, the success of the GeoSphere technology experiment to locate the well in the Jurassic reservoir in cooperation with Schlumberger, as well as the use of a 3D program to drill a well with an inclination of 95 degrees.

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