KUWAIT: CEO of Kuwait Oil Company (KOC), Ahmad Al-Eidan, said that the marine region in Kuwait is a promising area based on conducted studies and geological and geophysical data found. Speaking to KUNA, Al-Eidan explained that the exploratory marine project used two-dimensional seismic surveying to examine earth layers, their composition, identify the best location for drilling, and prepare for logistic operations.
This current phase of the project includes drilling six exploratory fields to find oil and gas reservoirs, expounded Al-Eidan, stating that subsequent phases will be determined by the findings of this current one. He underscored the importance of the offshore exploration project as a national endeavor with the goal of enhancing the sustainability of Kuwait’s hydrocarbon reserves and meeting global demand.
This would elevate Kuwait’s status as a reliable global oil and gas producer and place it prominently on the regional map of leading offshore operators. Additionally, the project contributes to developing new technical skills in drilling and offshore production, creating varied employment opportunities for national talents, he pointed out.
Last July, KOC announced discovering massive reservoirs of oil and gas in the Noukhtha field in Failaka Island’s economic waters, marking a turning point in its operations. A developmental plan will be put in place based on current findings to begin official production as soon as possible. The plan aims to augment Kuwait’s production capabilities and take it a step closer to achieving the 2040 strategy.
This project is the culmination of cohesive collaboration across KOC sectors, continuous support from Kuwait Petroleum Corporation’s (KPC) management, and ongoing cooperation with all relevant government entities, paving the way for the successful exploration and investment in oil and gas drilling operations in the area, commented Al-Eidan. — KUNA