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Saturday , August 15 2020

KOC drilled 2,482 oil wells at total cost of KD 3.4bn in last 5 years

Minister of Oil and the State Minister for Electricity and Water Dr Khaled Al-Fadhel

KUWAIT CITY, Feb 15: Minister of Oil and the Minister of Electricity Dr Khaled Al- Fadhil revealed that Kuwait Oil Company in the past five years has drilled 2,482 oil wells at a total cost of KD 3.4 billion, stressing the development plans of oil reservoirs are subject to regular periodic reviews, ensuring good reservoir performance at the same time to maintain their validity, reports Al-Nahar daily.

In response to a parliamentary question, Dr Al-Fadhil said a committee has been formed from a number of experts and specialists to assess the causes of gas leakage in Burqan Al- Muqawwa oil field, indicating the committee concluded to a number of reasons. Causes of the accident include the presence of corrosion in the well cover, punctures in the production pipelines, and conducting drilling without detecting the corrosion and indicated holes.

As to whether there are any damages to the oil reserves due to the spill, Dr Al-Fadhil assured the leakage did not cause any damage, indicating most of the quantities that came to the surface were collected and transferred to the collection centers.

He added the committee recommended drilling gas vent wells from the Dammam Formation layer, as well as studying the wells in the region and identifying the ones most vulnerable to such challenges, and has determined accordingly the measures needed to be taken in relation to each of the wells.

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