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Kuwait Producing 3 Mln Bpd of Crude Oil -KOC

Kuwait Producing 3 Mln Bpd of Crude Oil -KOC

Kuwait is producing around 3 million barrels a day (bpd) of crude oil, leaving a spare capacity of about 150,000 bpd, the chairman of Kuwait Oil Company said on Monday.

April 9, 2012 5:06 by



Kuwait is producing around 3 million barrels a day (bpd) of crude oil, leaving a spare capacity of about 150,000 bpd, the chairman of Kuwait Oil Company said on Monday.

KOC plans to start surveys of offshore reservoirs this year, Sami al-Rashid told journalists on the sidelines of a conference, as part of plans to raise Kuwait’s production capacity to 4 million barrels by 2020.

Exploratory drilling could also start this year if the surveys are successful, he said.

(Reporting by Ahmed Hagagy and Sylvia Westall, writing by Daniel Fineren; Editing by Himani Sarkar)



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