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December 8, 2021

North Kuwait Heavy Oil Heavy Oil Field, Kuwait

By Carmen

North Kuwait Heavy Oil is a producing heavy oil field located onshore Kuwait and is operated by Kuwait Oil.

Four expansion projects are associated with the North Kuwait Heavy Oil heavy oil field, namely South Ratqa Phase 2, South Ratqa Phase 3, South Ratqa Phase 4 and South Ratqa Phase 5. The expansion projects are currently in the feasibility stage.

Field participation details

The field is owned by Kuwait Petroleum.


Production from North Kuwait Heavy Oil

The North Kuwait Heavy Oil heavy oil field recovered 4.35% of its total recoverable reserves, with peak production expected in 2039. The peak production will approximately 430.16 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2096. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 4,039.53 Mmboe, comprised of 4,039.53 Mmbbl of crude oil & condensate. North Kuwait Heavy Oil heavy oil field reserves accounts 8.88% of total remaining reserves of producing heavy oil fields globally.


About Kuwait Oil

Kuwait Oil Co (KOC), a subsidiary of Kuwait Petroleum Corporation, is an upstream oil and gas company. It carries out exploration, development and production of crude oil and natural gas in Kuwait. The company also carries out onshore and offshore surveys, well drilling and development of producing fields. It transports crude from the producing assets to the customers, and manages shipping operations associated with the crude exports from Kuwait Ports. The company also provides marine technical support, firefighting services and oil spill combating and consultancy services. It has operations in Kuwait and the UK. KOC is headquartered in Ahmadi, Al Ahmadi, Kuwait.

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Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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