Gulf state pushes back Jurassic gas target to 2020 from 2017
Kuwait Oil Company (KOC) has pushed back its plan to increase its non-associated gas production to 1 billion cubic feet a day (cf/d) by more than three years.
Kuwait hopes to increase production to 167 million cf/d by 2015, from 145 million cf/d currently. This figure will rise to 600 billion cf/d by 2019 or 2020, reaching 1 billion cf/d after that through the development of the countrys Jurassic gas resources and new discoveries.
The production figure is then expected to rise rapidly to as much as 2.5 billion cf/d by 2025, according to Bader al-Attar, KOCs corporate planning manager, speaking at MEEDs Kuwait Projects 2013 conference, held in Kuwait City on 25-26 November.
Kuwait had originally hoped to reach 1 billion cf/d by 2016 or 2017, but has faced numerous difficulties with the technically challenging resource.
KOC also plans to raise crude production to 3.2 million barrels a day (b/d) by 2015, and then 3.7 million b/d by 2020, a level it will seek to maintain until 2030. The state-run upstream operator currently has the capacity to produce about 3 million b/d.
More from MEEDs Kuwait Projects 2013 conference
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