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Kuwait Upstream Capacity Tops 3mn B/d
...nagement between Saudi Arabia and Kuwait (MEES, 24 October 2014). For Kuwait to generate 350,000 b/d capacity from the PNZ by 2035, gross capacity will have to rise to a record 700,000 b/d. Appraisal work to potentially unlock new reserves at both Khafji and Wafra has been carried out to enable this. As...
Volume: 68Issue: 05Published at Fri, 31 Jan 2025 -
KRG: Genel Finalizing Taq Taq Exit
...Genel Energy says it has agreed terms with Iraq’s Kurdistan Regional Government for exiting the Taq Taq PSC, noting that this will “remove the risk of any residual decommissioning liabilities.” Taq Taq was the largest IOC-operated field in Kurdistan in 2014 with 103,000 b/d output, peaking at 11...
Volume: 68Issue: 05Published at Fri, 31 Jan 2025