TARGET OF 4 MILLION BARRELS PER DAY, KUWAIT OIL COMPANY TO DRILL 700 OIL WELLS PER DAY

  • 12/09/2021

Kuwait City: Sources close to the company said that the Kuwait Oil Company plans to drill 700 oil wells a year. The target is to add 300 more than before. The plan is to increase production to four billion barrels per day by 2040. The company also plans to increase oil exports significantly. The Heavy Oil Facility Project at South Ratkha Field is 93 per cent complete, sources said.

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