Kuwait Oil Company (KOC) has boosted production of its heavy oil reserves to more than 90,000 b/d for the first time. In comments to state news agency Kuna, KOC Deputy CEO for North & West Kuwait Essa al-Maraghi attributed the gains to accelerated development of the South Ratqa field in the north of Kuwait.
KOC produces Heavy Oil from the Lower Fars formation of its northern oil fields, and capacity stood at around 82,000 b/d at the end of the 2023-24 operational year (end-March 2024). The key producing fields are Ratqa, where capacity was around 60,000 b/d, and Umm Niqa where capacity hit 22,000 b/d in 2023-24 (MEES, 26 July). (CONTINUED - 736 WORDS)
