Kuwait Gulf Oil Company (KGOC) and Saudi Chevron Company are making significant strides to double the production capacity of the Wafra field. Their goal is to reach 320,000 barrels per day by the end of 2028, increasing from the current output of approximately 165,000 to 170,000 barrels per day.
Key highlights from recent discussions between KGOC’s acting CEO Abdul Wahab Al-Mazen and Deputy CEO for Joint Operations Bader Al-Munif include:
– Focus on enhancing operational efficiency to achieve set production targets.
– Review of past achievements, particularly the establishment of major infrastructure to boost production capabilities at both the Khafji and Wafra fields, overcoming numerous challenges.
– The Kuwait Petroleum Corporation (KPC) remains committed to increasing oil production in the divided zone between Kuwait and Saudi Arabia.
– KGOC has revised its administrative regulations, specifically introducing an incentives and rewards system for employees. This aims to enhance motivation and address challenges faced by the national workforce in Wafra and Khafji.
– Ongoing collaboration between KGOC and Kuwait Oil Company (KOC) in drilling operations aligns with plans for a potential merger between companies like Kuwait National Petroleum Company (KNPC) and Kuwait Integrated Petroleum Industries Company (KIPIC).
– The strategic use of KOC equipment reinforces the collective efforts of all companies under KPC to support the advancement of Kuwait’s oil industry.
This proactive approach illustrates KGOC’s and KPC’s commitment to meeting ambitious production goals while prioritizing the welfare of their workforce.
