North Kuwait Heavy Oil is a producing heavy oil field located onshore Kuwait and is operated by Kuwait Oil. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Buy the profile here.
Five expansion projects are associated with the North Kuwait Heavy Oil heavy oil field, namely the South Ratqa Phase 2, the South Ratqa Phase 3, the South Ratqa Phase 4, the South Ratqa Phase 5 and the Umm Niqa Development. 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 5.33% 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 2% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 3,998.23 Mmboe, comprised of 3,998.23 Mmbbl of crude oil & condensate. North Kuwait Heavy Oil heavy oil field reserves accounts 9.31% of total remaining reserves of producing heavy oil fields globally.
Contractors involved in the North Kuwait Heavy Oil heavy oil field
Some of the key contractors involved in the North Kuwait Heavy Oil project as follows.
EPC Contractors: Combined Group Contracting and Sayed Hamid Behbehani & Sons
Other Contractors: Worley, Southern Petrochemical Industries and Heavy Engineering Industries & Shipbuilding
About Kuwait Oil
Kuwait Oil Co (KOC), a subsidiary of Kuwait Petroleum Corporation, is an upstream oil and gas company. It carries out the 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, 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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