Pressure on Kuwait to realise Jurassic future
A crude oil flowline at the Maqwa oilfield. Kuwait plans to boost its gas production. (PA)
After years of interminable delays, Kuwait seems ready to ditch its traditionally sluggish approach to pushing major projects.
The country’s upstream gas sector looked set to benefit from this more proactive approach in January, when state-owned upstream operator Kuwait Oil Co. (KOC) reissued a tender for three contracts worth $5.7 billion for the development of non-associated gas reserves in the Jurassic project in northern Kuwait. Three months later, in mid-April, Kuwait Petroleum Corp. Chief Executive Nizar al-Adsani told an oil and gas conference in Kuwait that the country’s "future focus would be on Jurassic gas".