Kuwait To Close Northern Oilfields in Event of War
According to a report by Kuwait News Agency, Al-Arbeed said that Al-Abdeli and Al-Regga oil fields have been closed down due to proximity to the borders with Iraq. Al-Rawdhatein and Al-Sabriyya fields compensated for the closure and the northern oil fields' capacity of 400,000 barrels/day has been maintained, he added, as is the state's overall production capacity of 2.1 million barrels/day.
Regarding closure of the western production area, where the 300,000 barrels/day capacity Manaqeesh oil field is situated, Al-Arbeed said there would be closure if circumstances make it prudent pointing out that the security precautions are the same in the northern area and elsewhere in Kuwait.
He remarked there is Acceleration in maintenance programs in the southern and western oil fields to secure the current and expected production requirements in case of total closure of northern oil fields. KOC's policy, he said, is to increase production in the western and southern oil fields to maintain the same level of production.
Al-Arbeed also said that reservoir studies indicate that the hiked production would not harm the oil reservoirs because production would still not reach the maximum damage-free levels.
As to the contingency plan, Al-Arbeed said the plan's main item is ensuring the safety of all KOC workers and the company, accordingly, has begun reducing staff in the northern area where there is considerable military presence. He said that if there is war, the whole area would be shut down to maintain the safety of the workers. In the event of oilfield fires, KOC has reactivated the Kuwaiti Fire Fighters Team and it is training and preparing lists of equipment and gear that would be needed in case of emergency. The team is back in action and on alert as of this week, he said. The company would also seek help and counsel of foreign experts and companies, he added, and two international companies specialized in putting out oil field fires had already been contracted that would be called in if necessary.
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- UK Oil Regulator Publishes New Emissions Reduction Plan
- PetroChina Posts Higher Annual Profit on Higher Production
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- McDermott Settles Reficar Dispute
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- USA Commercial Crude Oil Inventories Increase
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude
- House Passes Protecting American Energy Production Act
- TotalEnergies Restarts Production in Denmark's Biggest Gas Field
- USA Oil and Gas Job Figures Jump
- Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
- Blockchain Demands Attention in Oil and Gas
- Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Equinor Makes Discovery in North Sea
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension