Exploration & Production

Kuwait to explore offshore acreage in 2017

Kuwait will start its delayed offshore drilling programme next year despite continued low oil and gas prices Kuwait will start its delayed offshore drilling programme next year despite continued low oil and gas prices.
By Verity Ratcliffe 11 April 2016 0 19876
Offshore platforms serving the Khafji field, which is shared with Saudi Arabia. (Kuwait Gulf Oil Co.)

Kuwait Oil Co. (KOC) will carry out an exploration drilling programme in March 2017, company Chief Executive Jamal Abdulaziz Jaafar announced at the Fourth Kuwait Oil and Gas conference in Kuwait City on Monday.

"We are going to start drilling next year," Jaafar told delegates. "We have finished the seismic and data interpretation [work]. We are currently identifying where we need to drill. We have six potential areas where we are going to start delineation in 2017."

He did not identify the six areas intended for exploration.

KOC...