This year, the KOC was actively awarding contracts to a number of companies including a $200 million EPC contract to Petrofac to bolster Kuwait’s North onshore oil infrastructure by improving power supply. In September the Kuwait Oil Company, announced that it would continue producing at 3million bpd, with demand for Kuwait’s oil remaining high. According to Rushaid, the country’s north fields, which primarily produce heavy crude, are pumping 700,000 barrels a day, which should rise to 1 million bpd by 2017. Kuwait is progressing with an ambitious upstream programme in the north and west of the country, and is widely tipped to be a hot exploration and production market next year.
Oil & Gas Middle East Power 50 2013
Oil & Gas Middle East presents the fifty most influential decision makers in the regional upstream business
Industry : Energy
Job Title: Chairman and Managing Director