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Kuwait Gulf Oil Company

Khaled Nayef AL OTAIBI

CEO

KUWAIT GULF OIL COMPANY

Alignment with our Saudi partners is optimal. I am confident that we will achieve outstanding results if we keep working as we do today.
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Kuwait Gulf Oil Company In Figures

Area under purview: 13,000 square kilometres

Estimated reserves in the Durra field: 500 mcm

Kuwait Gulf Oil Company (KGOC) was created in February 2002 as a subsidiary of Kuwait Petroleum Corporation to manage Kuwait’s share of the natural resources in the Partitioned Zone that lies between Kuwait and Saudi Arabia, which includes the Durra, Wafra and Khafji fields, among many others.

In accordance with agreements over the management of the divided zone, the company engages in:

  • Exploration
  • Drilling
  • Development of oilfields
  • Transportation and treatment of oil and gas
  • Management of oil refineries
  • Marketing and sale of oil and gas

This is done through Wafra Joint Operations, a 50-50 JV with Saudi Arabian Chevron Company that operates onshore, and Khafji Joint Operations, a 50-50 JV with Aramco Gulf Operations Company that operates offshore.

Onshore operations cover an area of approximately 5,000 square kilometres. The first discovery in this area was made in 1954 and, to date, a total of six major fields have been discovered: Arq, Humma, Wafra, North Wafra, South Fuwaris and South Umm-Gudair.

Offshore operations cover an area of approximately 7,000 square kilometres. To date, four major fields have been discovered: Durra, Hout, Khafji and Lulu.

KGOC plays a key role in Kuwait’s overall energy strategy, and balances the responsibility of extracting value from mature fields with the high expectations placed on newer developments such as Durra, which some estimates say may hold upwards of 500 million cubic metres of natural gas, oil and oil condensates.

Kuwait Gulf Oil Company News and Interviews

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A halt in production for maintenance by Chevron at the Wafra oilfield on the border between Kuwait and Saudi Arabia could become a permanent shutdown, Kuwaiti Oil…

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