KUWAIT: CEO of Kuwait Oil Company Ahmad Al-Eidan briefed Kuwait Petroleum Corporation CEO and senior officials on the ongoing preparations for the official launch of the company’s Jurassic production facilities in the coming period. This came during a visit by KPC CEO Sheikh Nawaf Saud Al-Nasser Al-Sabah and several other members of the KPC board of directors to the new Jurassic production facilities (JPF-4 and JPF-5) near Al-Rawdatain and Um Niqa fields north of the country.
In a press statement, the KOC, a subsidiary of the KPC, pointed out that KPC officials expressed admiration for the project and commended the great efforts exerted to implement this strategic project, one of the largest in the Kuwaiti oil sector and "an essential part of the KPC’s 2040 development strategy.” The KOC indicated that the project will help materialize Kuwait’s goal of increasing gas production and providing high-quality products to global markets.
The production of light oil and free gas, which the new facilities will produce, poses a tremendous challenge to all countries due to the difficulty of extracting them and the complexities of their reservoirs, it argued. The KOC affirmed that it has succeeded in completing the building and construction work on time without any incidents or change orders. It was forecast that the project would have great economic returns for the company and the Kuwaiti oil sector as a whole, and oil sector workers would gain invaluable and hard-won new experiences.
The project would allow Kuwaiti light oil to enter new markets and create many promising job opportunities for Kuwaiti youth, it indicated. It was unveiled that operation of the last production terminals in JPF-4 and JPF-5 in northern Kuwait has commenced. They would add 320 million cubic feet of associated gas per day and 100,000 barrels of light oil per day to Kuwait’s production, the KOC stated. — KUNA