Kuwait | GUPC

Kuwait’s go-to provider of green logistics

Oil & Gas‚ Oil and Gas Industry | intent | June 11, 2025 | Comment off

Kuwait is geographically in a great spot, but historically, it has lacked infrastructure. Now, with projects such as the new airport and the expansion of Mubarak Al Khabeer port, we can position Kuwait as a quicker transit hub.
This opens opportunities for localisation, global exports and better turnaround from sea to air. For FDI [foreign direct investment], logistics is key. Infrastructure upgrades are what allow local players to go global, and if we get it right, Kuwait will become a gateway to the region.

ADNOC Drilling buys 70% of SLB’s land rig business in Kuwait and Oman

Oil & Gas‚ Oil and Gas Industry | intent | May 30, 2025 | Comment off

The joint venture deal comprises two rigs in Kuwait and six in Oman, all currently under contract with the Kuwaiti and Omani NOCs. ANDOC Drilling will pay USD 91 million for the 70% stake, plus an additional potential payment of USD 21 million based on rig performance, Reuters reported.

Kuwait and Saudi Arabia strike oil in Partitioned Zone

Oil & Gas‚ Oil and Gas Industry | intent | May 27, 2025 | Comment off

Wafra Joint Operations is a 50-50 joint venture between Kuwait Gulf Oil Company and Saudi Arabian Chevron responsible for managing onshore activities in the Partitioned Zone between Saudi Arabia and Kuwait. The company is involved in the exploration, development and production of hydrocarbons in the region, with a focus on conventional oilfields.

At the forefront of Kuwait’s oilfield services

Oil & Gas‚ Oil and Gas Industry | intent | May 15, 2025 | Comment off

Whenever we hear that more wells are going to be developed, the first thing we think of is the number of wells we can receive for testing, and how we must grow our operations.
Well testing is a per-unit business. You have to send a separator to each well to test the units, and the more wells there are, the larger the investment, as you have to procure more equipment and hire more people, which means more cost. This is where AI can kick in; there are technologies that we have to start pursuing aggressively to gain in efficiency and keep up with all the new business.

Odfjell executes TRS operations in Kuwait’s first offshore Jurassic well

Oil & Gas‚ Oil and Gas Industry | intent | March 21, 2025 | Comment off

Odfjell Technology, an integrated supplier of well services technology and engineering solutions, has successfully deployed a 36” x 38” conductor pipe in Kuwait’s first offshore Jurassic well.

Kuwait Oil Company’s 90th anniversary: Generations of leadership and excellence

Oil & Gas‚ Oil and Gas Industry | intent | December 12, 2024 | Comment off

On July 30, 1946, KOC exported its first shipment of crude oil, marking a transformative moment in Kuwait’s history. This milestone ushered in an era of rapid progress, as oil revenues elevated Kuwait to a leading position among oil-producing nations.

Kuwait’s Economy Struggles as Oil Production Cuts Persist

Oil & Gas | intent | December 10, 2024 | Comment off

Kuwait’s GDP contracted by 3.6% last year, thanks in large part to a 4.3% contraction in its oil sector due to the production cuts. The economy shrank again by 1.5% on an annual basis in the second quarter after the oil sector declined 6.8%.

Kuwait’s KPC plans $33-billion spend over next 5 years

Oil & Gas‚ Oil and Gas Industry | intent | November 22, 2024 | Comment off

The Kuwait Petroleum Corporation is planning to invest around USD 33 billion in maintaining and expanding its oil and gas production over the coming five years, Bloomberg reported on Thursday.

Kuwait signs 15-year deal for Qatar gas supply in ‘new long-term partnership’

Oil & Gas‚ Oil and Gas Industry | intent | August 28, 2024 | Comment off

QatarEnergy will supply three million tonnes of liquefied natural gas (LNG) a year under the deal, the Kuwait Petroleum Corporation (KPC) said in a statement.

Kuwait Announces Massive Offshore Oil and Gas Discovery

Oil & Gas‚ Oil and Gas Industry | intent | July 15, 2024 | Comment off

Kuwait has discovered a significant amount of oil and gas in the Al-Noukhitha offshore field, estimated at around 3.2 billion barrels of oil equivalent.
The discovery includes 2.1 billion barrels of light oil and 5.1 trillion standard cubic feet of natural gas.
Kuwait plans to develop plans for extracting resources from the field as soon as possible, aiming to increase its oil production capacity to 4 million barrels per day by 2035.

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