Gulf Oil and Gas accountACCOUNT

Rock-splitting Technique Supports Strategy to Produce Four mln bpd

Source: KUNA 11/22/2017, Location: Middle East

Rock-splitting technologies are a reliable method that could help bring Kuwait Petroleum Corporation's plan to produce four million barrels of oil per day (bpd) to fruition, an official at Kuwait Oil Company (KOC) said.

Speaking to KUNA on the sidelines of a ceremony to introduce this new strategy, KOC deputy CEO Nayef Al-Enezi said that the method, 'which has been taken up by the company for the first time,' is likely to increase oil production.

Meanwhile, the chairman of National Petroleum Services Company (NAPESCO), which took part in the ceremony as well, Omran Hayat, said that the rock-splitting procedure relies on highly advanced equipment, which the company will provide KOC with.

NAPESCO's CEO Khaled Al-Saif pointed out that the cutting-edge technology employed in this intricate procedure worth KD 3.5 million (USD 11.4 million) will lead to greater oil production at a lower cost.

Production News in Kuwait >>

United States >>  12/11/2018 - Marathon Oil Corporation announced encouraging early production results at an important four-well Middle Bakken pad in the Company's Ajax area of the ...
Angola >>  12/10/2018 - Eni started production from the Vandumbu field in Block 15/06, approximately 350 km North West of Luanda and 130 km West of Soyo, through West Hub N’G...

Kuwait >>  12/10/2018 - Kuwait Petroleum Corp. aims to produce 85,000 barrels of heavy crude oil a day by 2020/21, and 110,000 barrels per day by 2030/31, according to the te...
United Kingdom >>  12/10/2018 - Tailwind Energy has announced first oil from the 100% owned Gannet E redevelopment to the Triton FPSO. The subsea tieback project was completed in Se...

Iran >>  12/6/2018 - Iran says it should be exempted from any oil production cut deal as long as it remains under “illegal” US sanctions. The announcement was made by Iran...
Norway >>  12/5/2018 - The Vigdis field has been producing oil through the Snorre field for more than 20 years. Field production will now be boosted by almost 11 million bar...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Kuwait Oil & Gas 1 >>  2 | 3 | 4 | 5 |

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.