Gulf States Fund Allies
12 Oct, 2018
Oil & Gas
Burgan Dip Hampers Kuwait Oil Production Capacity Growth
12 Oct 2018
Production capacity in Kuwait edged up just 1,000 b/d in 2017-18 (to end-March) according to latest figures from state firm Kuwait Oil Company (KOC). An apparent dip in capacity at the flagship Burgan field offset the 80,000 b/d gains from Kuwait’s northern Jurassic fields resulting in overall capacity of 3.151mn b/d.
Capacity has subsequently risen, with KOC CEO Jamal Jaafar telling MEES in late April that it was at 3.225mn b/d (MEES, 20 April). The start-up of a third 40,000 b/d Jurassic early production facility (EPF) last month (MEES, 21 September) ought to have brought capacity up to 3.265mn b/d. KOC is responsible for Kuwait’s domestic upstream production with the exception of fields in the Partitioned Neutral Zone (PNZ). PNZ output is shared 50:50 with Saudi Arabia but has been fully shut-in since 2015.
KOC is targeting 3.65mn b/d crude and condensate production capacity by...
Key Kuwaiti Oil Infrastructure
