Kuwait still drilling
Kuwait is plugging away in its upstream and will seek more IOC help to do so
Kuwait is hoping to sign more Enhanced Technical Services Agreements (Etsas) with international oil companies later this year as part of efforts to raise production capacity to 4m barrels a day by 2020, Nizar al-Adsani, head of Kuwait Petroleum Corporation (KPC) told Petroleum Economist's GCC Strategy Forum in Kuwait in late January. This involves increasing current capacity by around 1m b/d. Shell and BP were awarded Estas in 2016, the former to develop heavy oil reserves in the north of the country, the latter to help extend the life of the giant Burgan field, discovered in the 1930s. Adsani said he expected oil market volatility to "prevail in the medium term and it's legitimate to ask wh
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
