Kuwait to Invest $4 Billion in Oil Exploration by 2030

Kuwait to Invest $4 Billion in Oil Exploration by 2030

Kuwait Oil Company, the national oil firm of one of OPEC’s biggest Gulf producers, plans to invest as much as $3.9 billion (1.2 billion Kuwaiti dinars) in exploration drilling by 2030, a senior company executive told Reuters in an interview published on Wednesday.  The exploration drilling program is part of a bigger drilling and maintenance program by the end of the decade, with a budget of $32 billion (9.8 billion dinars), Khaled Al-Mulla, Kuw…

Kuwait Oil Company to invest $3.9bn in exploration drilling by 2030

Kuwait Oil Company (KOC) is set to allocate Kd1.2bn ($3.92bn) to its exploration drilling programme through to 2030, reported Reuters.

Kuwait Oil Company to Spend $3.9 Billion on Exploration by 2030, Deputy CEO Says - Energy News, Top Headlines, Commentaries, Features & Events

(Reuters) – Kuwait Oil Company (KOC) plans to spend 1.2 billion dinars ($3.92 billion) on its exploration drilling program through 2030, its senior executive told Reuters in an interview. The spending is part of a 9.8-billion-dinar budget – the company’s biggest ever – allocated for drilling and maintenance of up to 6,193 wells by the ...

Kuwait Oil Company to invest 1.2 billion dinars in exploration drilling by 2030 - Times Kuwait

Kuwait Oil Company’s Deputy CEO for Exploration and Drilling, Khaled Al-Mulla, said the company plans to invest 1.2 billion dinars in its exploration drilling program through 2030, which includes the drilling of 79 onshore and offshore wells. Speaking to Reuters, Al-Mulla explained that this investment is part of a broader 9.8-billion-dinar budget allocated for drilling and well maintenance projects — the largest in the company’s history. The pl…