Kuwait is looking for oil

Dec 31, 1996 01:00 AM

The state-owned Kuwait Oil Company (KOC) has started a seismic survey to search for more oil and gas reservoirs in several parts of the Gulf Arab state. Kuwait seeks to boost its production capacity to 3.5 million barrels per day in 2005 from a current capacity of about 2.5 mmbpd. A KOC statement said: "The purpose of the project is to expand exploration work to find additional quantities of oil and gas." The survey was one of KOC's "largest strategic projects," said the statement. KOC has said it is optimistic about finding more reserves in Kuwait oil fields.

Source: not available
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