One day - One News, One day - One Project

Email This Page

One Day – One Country: Kuwait

Kuwait Key Projects and Business Highlights

2B1st_Project_Smart_Explorer_Sales_Pursuit_Tool

Kuwait holds the sixth largest reserves of conventional crude oil and rank among the top 10 producing countries in the world attracting all the engineering and services companies such as Bechtel, Halliburton, Schlumberger, Fluor, Foster Wheeler, WorleyParsons, Daelim Industrial.

Until 2008, the crude oil production in Kuwait was regularly increasing to exceed 2.5 million barrels per day (b/d).

Since then political divergences at the parliament about the energy policy and related major investments popped up and left on hold most of the greenfield and brownfield projects.

Kuwait_Oil_and_Gas_Fields_MapThis situation affected directly the crude oil production as it came down below 2.5 million b/d in the period 2009 to 2011.

After some hard lessons learnt and the reshuffle of the energy industry management, the production started to come up again to 2.8 million b/d in 2012 and the decision were made to move forward on the major projects pending upstream and downstream.

In addition this new pushy policy is well supported by the discoveries of large oil fields in the western region of Kuwait.

With the on going capital expenditure and the development of these new fields, Kuwait is targeting 4 million b/d by 2020.

Anyway Kuwait wants in the same time to reduce its reliance on crude oil export in developing the downstream sector as its neighboring countries.

Consequently Kuwait is also exploring all opportunities to increase its production of natural gas to feed its power generation and petrochemical sectors.

Kuwait Refineries Clean Fuel Project at tendering stage

Kuwait_Refineries_CFP_ProjectDaelim Industrial from South Korea submitted the lowest bid for the engineering, procurement and construction (EPC) contract of the Fluid Catalytic Convertor (FCC)and Sour Water Treatment package of the Kuwait National Petroleum Corporation (KNPC) refinery at Mina Al-Ahmadi in Kuwait.

>>> More Information

KNPC awarded PMC contract to Foster Wheeler

KNPC_Mina_Al_Ahmadi_RefineryOn December 23rd, 2012, the state-owned oil refiner Kuwait National Petroleum Co(KNPCselected Foster Wheeler for the project management consultancy (PMC) contract of the multi-billion Clean Fuels Project (CFP).

>>> More Information

KOC to invest $7 billion in Lower Fars heavy crude oil

KOC_Lower_Fars_Cyclic_Steam_Stimulation2The national upstream Kuwait Oil Company (KOC) is considering to move into the engineering, procurement and construction (EPC) stage for the Lower Fars phase-1 project since WorleyParsons completed the front end engineering and design (FEED) work in 2012.

 

>>> More Information

KOC to give priority to onshore exploration

KOC_Oil_and_Gas_ProductionDuring  Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC)Kuwait Oil Company (KOC) announced to have received  mandate from Kuwait Petroleum Company (KPCto increase crude oil production from actual 3 million b/d to 4 million b/d by 2030.

Considering the age and the level of maturity of the actual fields in operations to deliver 3 million b/d of crude oil, the replacement of depleting fields must also be considered in the total amount of barrels per day to be put in production to reach this target of 4 million b/d in 2020.

For more information and data about oil and gas and petrochemical projects go to Project Smart Explorer

2B1st_Project_Smart_Explorer_Sales_Pursuit_Tool

 

Leave a Reply

. But it is worth noting that these tests were carried out on the blood cells. Therefore, it's too early to say about scientific evidence of Viagra influence on blood clots.