Shell plays a key role in Kuwait’s upstream sector, helping Kuwait Oil Company (KOC) develop challenging heavy oil reserves, deep sour gas projects and conventional oil developments in the north of the country. The firm works in Kuwait through three enhanced technical service agreements (ETSA) which were due to expire in 2026.
These contracts have now been extended through 2029, KOC’s parent company KPC says. Shell’s CEO Wael Sawan and KPC CEO Sheikh Nawaf Al Sabah witnessed the 28 April ceremony for the contract signing in Kuwait City, underlining the importance of the contracts for each firm. The contracts were signed by KOC Deputy CEO for Project Management and Engineering, Fahad al-Kharqawi, and Shell’s Country Chair Anwar al-Mutlaq. During his visit to Kuwait, Mr Sawan was also received by Emir Sheikh Mishal Al Ahmad Al Sabah. (CONTINUED - 756 WORDS)
