KOC
Saudi Arabia Projects and Business Highlights 2014 On the last five years, the national oil company (NOC) Saudi Aramco invested mostly in the downstream sector including large grassroot refineries and the largest petrochemical complexes in the world. But on the second half of the year 2014 we could see Saudi Aramco turning back to upstream activities to explorer new resources […]
Kuwait Key Projects and Business Highlights 2014 Despite its sixth largest proven reserves of crude oil in the world, the national oil companies (NOCs) Kuwait Petroleum Company (KPC), Kuwait Oil Company (KOC), Kuwait National Petroleum Company (KNPC) and the Petrochemicals Industries Company (PIC) have been rather quiet these last years in term of projects and capital expenditure. After […]
KOC to drill 900 wells in Lower Fars heavy crude oil The wholly state-owned Kuwait Oil Company (KOC) is planning to drill more than 900 wells to develop the heavy crude oil lying in the Lower Fars field in the north of Kuwait. Discovered in 1978, the Lower Fars formation belongs to the Ratqa field, […]
Kuwait Key Projects and Business Highlights Kuwait holds the sixth largest reserves of conventional crude oil and rank among the top 10 producing countries in the world attracting all the engineering and services companies such as Bechtel, Halliburton, Schlumberger, Fluor, Foster Wheeler, WorleyParsons, Daelim Industrial. Until 2008, the crude oil production in Kuwait was regularly increasing […]
KOC to invest $7 billion in Lower Fars heavy crude oil The national upstream Kuwait Oil Company (KOC) is considering to move into the engineering, procurement and construction (EPC)stage for the Lower Fars phase-1 project since WorleyParsons completed the front end engineering and design (FEED) work in 2012. This phase-1 is part of the Lower Fars heavy […]
KOC to give priority to onshore exploration During Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), Kuwait Oil Company (KOC) announced to have received mandate from Kuwait Petroleum Company (KPC) to increase crude oil production from actual 3 million b/d to 4 million b/d by 2030. Considering the age and the level of maturity of the actual fields in […]
