Kuwait to tender offshore exploration contracts

Kuwait is hoping to offer more offshore concessions this year in a move that may be aimed at buoying up its long-term domestic and export needs Kuwait is hoping to offer more offshore concessions this year in a move that may be aimed at buoying up its long-term domestic and export needs.
By Verity Ratcliffe 5 January 2018 0 28969
Kuwaiti offshore platforms Offshore platforms serving the Khafji field. (Kuwait Gulf Oil Co.)

Kuwait Oil Co. (KOC) will tender contracts to carry out offshore exploration drilling at six locations in 2018, according to sources close to the company. 

KOC may hope its offshore exploration programme will complement ongoing onshore activity to help support its long-term domestic gas needs and oil exports.

The exploration programme has been delayed several times. KOC Chief Executive Jamal Abdulaziz Jaafar told at a conference in Kuwait City in April 2016 that the programme would take place in March 2017. 

“KOC intended to launch the exploration [programme]...

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