Kuwait intends to issue a tender for oil drilling services in the Western region within ongoing plans by the Gulf OPEC member to expand its hydrocarbon production capacity, a local newspaper reported on Sunday.
The ‘integrated drilling services’ project for 29 Jurassic wells in West Kuwait involves the installation of rigs, training of local workers and other services, the Arabic language daily Al-Anba said.
"Tenders are expected soon for this turnkey project in West Kuwait," it said, citing local oil industry sources.
The project is part of plans to boost oil output in that area from 520,000 barrels per day (bpd) to 540,000 bpd in 2019 and 550,000 bpd in 2020, the paper said, adding that this would support Kuwait's target to pump 3.65 million bpd by 2020 and nearly four million bpd by 2030.
(Writing by Nadim Kawach; Editing by Anoop Menon)
Our Standards: The Thomson Reuters Trust Principles
Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.
© Thomson Reuters Projects News 2018