News dalla rete ITA

28 Marzo 2024

Arabia Saudita

KUWAIT ANNOUNCES PROGRESS ON DORRA GAS FIELD

The revalidation of the front-end engineering and design (feed) work for the project to develop the disputed Dorra gas field will be completed within a couple of months. The design phase of the project will be completed in the next few months. Kuwait and Saudi Arabia are cooperating to develop the offshore field, which was originally discovered in 1965. The project is being executed on a fast-track basis. France’s Technip Energies is doing the feed revalidation, which could give it an advantage when it comes to the award of the engineering, procurement and construction (EPC) contract for the project.  KPC’s upstream subsidiary, Kuwait Oil Company (KOC), is seeking assistance from major international oil companies for offshore projects to enhance declining production capacity. Kuwait is looking to increase its production to more than four million barrels of oil a day (b/d) from 2.4 million b/d in February. Kuwait also plans to increase the volume of crude it processes in its refineries. The country is refining 1.4 million b/d and expects to increase that figure to 1.6 million b/d soon. (ICE RIYADH)


Fonte notizia: meed