Kuwait Oil Company expands oil network with ‘L&T’ project

L&T’s winning of the KOC contract is an indication of the attractiveness of the Kuwaiti market to international energy companies. In the coming phase, Kuwait intends to implement projects related to developing oil fields, increasing gas production, modernizing export facilities and improving energy efficiency, in addition to sustainability and emission reduction projects. The above-mentioned project will support the oil storage and export system by constructing six new crude oil storage tanks. Each tank will have an operational capacity of 618,000 barrels, while the total operational capacity of the six tanks will be 3,708,000 barrels.

The project includes the development of supporting facilities associated with the storage system. It includes the installation of new pipelines, modernization of the existing crude oil loading and export networks, and raising the efficiency of the crude oil transportation system from production areas to the export facilities. It will accommodate production growth and develop the ability of Kuwait to manage its oil exports in a more flexible manner. It is a key component of the strategy of KOC to develop unconventional oil resources and boost the production of high-quality light crude. The Jurassic oil reservoirs are located in North Kuwait and are part of the efforts of the country to diversify its production base and benefit from available reserves by using advanced technologies.