‘KOC eyes higher production capacity’ – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait English Daily

‘KOC eyes higher production capacity’ – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait English Daily

Output capacity to reach 3.5mn bpd by 2025 – KPC’s CEO

KUWAIT CITY, Oct 23: Kuwait Oil Company (KOC) is actively working towards increasing crude production capacity, Kuwait Petroleum Corporation (KPC) CEO Hashem S. Hashem said on Friday. In a statement to KUNA, Hashem said the information regarding Kuwait Oil Company’s production capacity decline doesn’t provide a complete picture of the Kuwaiti oil sector’s performance in general nor KOC’s performance. He clarified that there are 500,000 barrels per day of potential capacity that is pending to be unlocked as associated capital projects and drilling and workover programs are completed in the coming two years.

The KPC CEO clarified that KOC is currently implementing numerous strategic projects that are directly linked to increasing sustainable production capacity to reach 3.2 million barrel per day gradually in 2025, where the Divided Zone capacity will contribute the additional 350,000 barrels per day to reach overall Kuwait production capacity of 3.5 million barrel per day.