Latest Oil and Gas News

Kuwait Oil Company (KOC) and Shell revealed an Enhanced Technical Service Agreement to build a 60 year affiliation for development of the Jurassic Gas fields.

Due to tough reservoir conditions, unusual geological configuration and complicated gas compositions the project is difficult as well as demanding. Therefore, as per contract, Shell will depute technical professionals to KOC to assist its administration of the current development of the Jurassic Gas fields.

To meet a large part of Kuwait’s clean energy needs, KOC relies heavily on the development of non-associated gas.

Malcolm Brinded, Executive Director of Upstream International declared that the agreement will go a long way in strengthening their long-standing dedication to the State of Kuwait. He also informed that they will carry long term experience of developing the most difficult gas resources throughout the world including sour and tight gas resources.

Sami Fahad Al-Rushaid, Chairman and Managing Director of KOC told the audience that the development of the Jurassic Gas fields is complicated and they think that KOC assets will boost to maximum limits with technical cooperation of Shell.

Paul Holdsworth, Staff Writer, Gulf Jobs Market News