KPC Non-Associated Gas Production

Source: KUNA 1/24/2012, Location: Middle East

Chief Executive Officer of Kuwait Petroleum Corporation (KPC) Farouk Al-Zanki said that KPC attaches great importance to non-associated gas exploration, adding that the corporation has taken important steps in this area during 2011. Al-Zanki said in an interview with (The Oil and Gas Year) Magazine that Kuwait has a long-term plan that aims to explore and produce non-associated gas, adding that this will feed domestic requirement of electricity using natural gas instead of oil, thus, leading to freeing oil used locally and export it overseas.

He said the plans in the coming years will focus on expanding the production of gas and oil, as well as the establishment of new refineries out of Kuwait with a number of projects for the production of clean fuels. Al-Zanki stressed the importance of building a new refinery in Kuwait that produces low-sulfur fuel which contributes significantly to maintaining the local environment. For his part, Chairman and Managing Director of Kuwait Oil Company (KOC) Sami Al-Reshaid told the same magazine that the company's goal is to increase the production of non-associated gas to a billion cubic feet per day by 2020 through new drilling programs, noting the importance of having modern technology to achieve this goal.

About the oil productive capacity of the company can produce, Al-Reshaid said that the company has a capacity of producing one million barrels of extra oil "and we can increase production depending on the market demand." He explained that this spare capacity will help find a balance in the market, either by reducing or increasing production. He also pointed out that Kuwait is seeking to develop the northern fields in cooperation with foreign companies, thereby helping to mix experiences of KOC with those foreign companies to get to the level of ambition of the oil production in northern Kuwait.


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