Global Infrastructure SherpaKuwait Oil Company
Kuwait Oil Company (KOC) is a state-owned oil and gas company responsible for the exploration, production, and export of hydrocarbons in Kuwait. It manages vast oil and gas fields, develops new resources, and operates associated infrastructure crucial for the nation's economy. KOC also engages in environmental initiatives and integrates renewable energy for its internal operations.
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Oil & Gas MajorOperatorDeveloper
Strategic Overview
- Focus on increasing Kuwait's oil production capacity to 4 million barrels per day by 2040.
- Prioritizing the development of non-associated gas resources, particularly from the Jurassic fields, to meet domestic energy demand.
- Implementing environmental initiatives, including flare reduction programs and exploring carbon capture technologies.
- Integrating renewable energy solutions, such as solar power, to enhance operational efficiency and reduce carbon footprint within its facilities.
Deal History (1)
Deal Activity from Public Sources
Saipem awarded $850M EPC contract for Jurassic Production Facility 4 (JPF-4) in North Kuwait
Kuwait Oil Company commissions 10 MW Shagaya Renewable Energy Park solar PV plant to power oil field operations
Petrofac awarded $4.2 billion EPC contract for the Lower Fars heavy oil development project
Investment Focus
Technologies
Oil Gas1
Geography
Kuwait1
Key People
Ahmad Jaber Al-Eidan
Chief Executive Officer
Track Record
90
Years Active
Notable projects: Greater Burgan Field Development, North Kuwait Jurassic Gas Development, Lower Fars Heavy Oil Project
Detailed Analysis
Technologies
Sectors
Geographies
Deal Stage