Size: |
HOME > News > Media Reports >

Beyond Burgan: Kuwait's new oil boom

2012-02-11 19:13 | read(

Beyond Burgan: Kuwait's new oil boom

by Patrick Osgood on Feb 8, 2012

Kuwait is famous for slow progress, but a production hike in 2011 and an ambitious outlook for heavy crude recovery may change perceptions.

Kuwait is famous for slow progress, but a production hike in 2011 and an ambitious outlook for heavy crude recovery may change perceptions.

Kuwait is famous for slow progress, but a production hike in 2011 and an ambitious outlook for heavy crude recovery may change perceptions.

For a country with a reputation for delays, 2011 was an eventful year for Kuwait’s upstream oil & gas sector, which is looking beyond it’s mammoth Burgan field to tap more difficult oil.

In June, together with fellow gulf producers Saudi Arabia and the UAE, Kuwait quickly increased its oil production from 2.3 million barrels per day (bpd) to over a current total of over 3 million bpd.