Kuwait Oil Company (KOC) kicked off its first offshore drilling campaign in decades in the second half of 2022 and plans to mobilize a second rig by the end of this year. The six-well program is expected to be concluded by end-2026, four years after the first well was spudded, KOC CEO Ahmad al-Eidan tells MEES.
The offshore program had been slated to start in 2016 before being held up by a raft of logistical delays. Kuwait was then poised to kick off drilling in 2019, with KOC awarding Halliburton a contract to drill six high-pressure high-temperature (HPHT) wells with two jackup rigs (MEES, 19 July 2019), before the Covid-19 pandemic again threw the plans off course. (CONTINUED - 827 WORDS)