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