The Oil & Gas Year Kuwait 2012
The state-owned Kuwait Petroleum Corporation plans to push production capacity to 4 million barrels of oil per day by 2020, but this will require the enhanced oil recovery expertise and technology of foreign oil majors if it hopes to meet that target. As the flow of easy oil is beginning to slow, secondary and enhanced oil recovery technology is required to tap the country’s heavy oil reserves.
The Oil & Gas Year Kuwait 2012 digs into the issues of the year that pre-occupy a country blessed with tremendous oil wealth. Relatively open to foreigners, Kuwait’s sometimes-fractious government is tackling its disagreements with neighbouring Iraq and encouraging local representation in its private sector. To reconcile its challenges, Kuwait will promote private sector growth and encourage nationals to participate.
From a tricky legal framework that is discouraging international oil companies from investing, to gas shortages, to the hope of a plentiful supply of sulphur free fuel from the reanimated Al Zour refinery project, The Oil & Gas Year Kuwait 2012 leverages its expertise in the country and the region to speak to the people who matter as Kuwait faces the question of how to proceed and consolidate its position.