Kuwait reviews new oil, gas objectives

May 14, 2012 at 9:21 AM
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KUWAIT CITY, May 14 (UPI) -- Kuwait has very serious challenges in terms of energy production though a best-practices approach could lead to significant expansion, an official said.

More than 160 working papers on the national oil sector were discussed during a two-day conference in Kuwait.

Husniya Hashim, deputy managing director of the Kuwait Oil Co., said new types of natural gas reservoirs and the production of so-called heavy oil were difficult for the country.

Hashim said emerging problems facing the energy sector were very serious.

"We review them here in hope of benefiting from each other's experiences in the areas of production of oil and gas, means to increase oil reserves, and training of staff, all of which are to be discussed in the working papers to give us a better idea about what truly constitutes 'best practices'," she was quoted by the official Kuwait News Agency as saying.

Hashim said heavy oil production could reach 60,000 barrels per day by 2015 and similar achievements could be realized in terms of natural gas.

"Leading international corporations had been invited to take part in the sessions, and we shall benefit from their expertise in dealing with such reservoirs," she said.

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