Monday 19 March 2012

Kuwait Gulf Oil Plans to Boost Non-Associated Gas Output by 2020 - Bloomberg

Kuwait Gulf Oil Co., a unit of state-run Kuwait Petroleum Corp., plans to produce about 400 million cubic feet a day of non-associated natural gas by 2020, the official KUNA news agency reported.
Output will increase to 500 million cubic feet a day by 2030, the agency said, citing Hashim el-Rifai, Kuwait Gulf Oil’s chairman. The report did not say how much non-associated gas Kuwait Gulf Oil produces now.
Sami al-Rushaid, the chairman of Kuwait Oil Co., Kuwait Petroleum’s production arm, said in November 2010 that Kuwait was producing about 1 billion cubic feet of gas a day less than it needed for domestic needs. The country had an output at that time of 1 billion cubic feet of associated gas, which is found together with oil, and 130 million to 140 million cubic feet of non-associated gas, which occurs in deposits of its own.

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