Kuwait Sticks To 4Mn B/D 2020 Target, But Questions Remain
Before the end of 2013, Kuwait will launch a $4.2bn engineering, procurement and construction (EPC) tender for facilities supporting the first phase of heavy oil development at the Ratga field.
Kuwait hopes that the northern field – which extends into Iraq, where it is known as Rumaila – will produce 60,000 b/d of extra-heavy 12-15° API crude by 2017. Output would be doubled by 2020...
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