Related Articles
Forward article link
Share PDF with colleagues

Belated progress on Kuwait's upstream ambitions

KOC is poised to deliver on offshore and gas plans after delays stretching back more than a decade

Government-owned Kuwait Oil Company (KOC) signed a contract in early July with a US oilfield services titan to carry out the country's first offshore drilling programme since the 1980s, after more than three years of repeatedly declaring the relaunch of maritime exploration to be imminent. Successive delays have similarly beset long-held plans to develop Jurassic gas reserves in the north of the country⁠—a derogation made especially egregious by the country's chronic shortage of the resource. However, with a shortlist of contractors for the next phase now finalised, tenders are anticipated by the end of the quarter. KOC, the domestic upstream operating subsidiary of state oil conglomerate



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
UAE tries to ride two horses
19 October 2021
Abu Dhabi’s plans to raise oil and gas production are advancing despite the federation’s carbon-cutting pledges
Western Canada’s gas revival
19 October 2021
Midstream pipeline expansion and cautious operator spending is fuelling an uptick in prices
Oil companies missed transition pivot
19 October 2021
Shell and activist investor both agree that mistakes were made in the ’00s
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video