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
28 April 2026
Datacentres will guzzle power at a ferocious rate, but the impact on wider energy markets will be far more complex than previously thought
28 April 2026
The key energy player faces balancing regional routes, political complexities, and creating a clear strategic vision for energy security
24 April 2026
The European Commission’s response to the Middle East crisis is to double down on its transition strategy, with plans for a new target on electrification
24 April 2026
A major new discovery by Eni and BP that can likely be fast-tracked to production is welcome news for Egypt as it scrambles to plug a widening supply gap and deal with rising import risks
