ME Report

Kuwait Energy Structure and Opportunities — In Preparation for non-OPEC Production Peak

  • High oil prices motivated Kuwait to surpass the 3 million b/d production threshold in 2Q 2012; the target is 4 million b/d by 2020
  • Heavy oil reserves must be utilised to continue to raise production sustainably
  • Kuwaiti contracts offer relatively few incentives for international oil companies but they have been upgraded in an effort to prevent delays
  • Oil demand, non-OPEC production and oil prices will determine whether Kuwait is left with significant spare capacity by 2018
  • Kuwait continues to invest in energy sources alternative to oil for the production of electricity to help boost oil exports
  • However, hydrocarbons are set to remain mainstay of Kuwait’s energy mix

Please purchase or subscribe to this report to continue reading or log in if you have already done so.


Not yet a subscriber?
Subscribe and Save 20%

If you are interested in a corporate subscription, please contact us at admin@petrologica.com or call us on +44(0)1206 823 295.