Middle East Economic Survey

VOL. LIV

No 22

30-May-2011

KUWAIT

KOC Heavy Oil Debut Hits Early Difficulties

State-owned Kuwait Oil Company (KOC) has hit a series of difficulties in its bid to kick start heavy oil development in the Lower Fars reservoir of its Ratga field, MEES understands. KOC is still hoping for a major to manage the project in the form of an enhanced technical service agreement (ETSA). But tortuous negotiations with ExxonMobil, Total and Shell prompted KOC to opt to start...