Kuwait makes large oil discovery

Sources say find could help boost daily production to 3.3m barrels
Kuwait makes large oil discovery
Kuwait has ambitions to boost production.
By James Henderson
Sun 13 Sep 2015 02:36 PM

Kuwait has discovered large quantities of crude oil that could increase the country's production levels to 3.3 million barrels in two years, Al-Khaleej has reported.

According to the news agency, seismic surveys conducted by the Kuwait Oil Company (KOC) on several areas of sea and land confirmed the presence of large amounts of crude oil.

Sources said seismic surveys of marine areas conducted by KOC and the Kuwait Gulf Oil Company proved that some of the offshore and onshore fields have extended reserves.

Kuwait currently produces around 2.9mn barrels of oil per day, although this is likely to rise following the new discovery.

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