This article may rely excessively on sources too closely associated with the subject , potentially preventing the article from being verifiable and neutral.(March 2018) |
Agency overview | |
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Formed | February 2002 |
Headquarters | Al Ahmadi, Kuwait |
Agency executive |
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Parent department | Kuwait Petroleum Corporation |
Website | www |
The Kuwait Gulf Oil Company (KGOC) is a national oil company in the State of Kuwait. KGOC operates under Kuwait Petroleum Corporation. [1] It manages Kuwait's share of the natural resources in the divided zone. [2] [3]
Kuwait Gulf Oil Company was founded on February 10, 2002 to represent the state Kuwait in the Divided Zone. In 2003 KGOC took over the management of Kuwait DZ offshore area from the Arabian Oil Company Ltd. [4]
In 2006 KGOC started to take over the operations in the Divided Zone from Kuwait Oil Company. There are two operations committee that handles and manage the exploration and developing of hydrocarbons resources in the Divided Zones which are, Wafra Joint Operations (WJO) and Khafji Joint Operations (KJO). [3]
The objective of Wafra Joint Operations is to conduct onshore activities in Wafra Divided Zone in cooperation with Saudi Arabia Chevron (SAC) which conducts exploration and production on behalf of Kingdom of Saudi Arabia, [5] whereas Khafji Joint Operations' objective is to conduct onshore and offshore activities in Khafji Divided Zone [3] in cooperation with Aramco Gulf Operations, [6] which manages the interests of Kingdom Saudi Arabia.
SAC and KGOC operates the Wafra field together till it has been shut in May 2015. [7] [8] Since January 2016 Abdulnaser Al-Fulaji is CEO of KGOC. [9]
In 2017 KGOC commissioned a multi-year integrated geoscience study, conducted by CGG and experts from KGOC, to generate a exploration portfolio catalogue in the onshore Partitioned Zone (PZ). [10]
The Kingdom of Saudi Arabia is a country situated in West Asia, the largest country on the Arabian Peninsula, bordering the Persian Gulf and the Red Sea. Its extensive coastlines provide great leverage on shipping through the Persian Gulf and the Suez Canal. The kingdom occupies 80% of the Arabian Peninsula. Most of the country's boundaries with the United Arab Emirates (UAE), Oman, and the Republic of Yemen are undefined, so the exact size of the country remains unknown. The Saudi government estimate is at 2,217,949 square kilometres, while other reputable estimates vary between 2,149,690 and 2,240,000 sq. kilometres. Less than 7% of the total area is suitable for cultivation, and in the early 1960s, population distribution varied greatly among the towns of the eastern and western coastal areas, the densely populated interior oases, and the vast, almost empty deserts.
An oil platform is a large structure with facilities to extract and process petroleum and natural gas that lie in rock formations beneath the seabed. Many oil platforms will also have facilities to accommodate the workers, although it is also common to have a separate accommodation platform linked by bridge to the production platform. Most commonly, oil platforms engage in activities on the continental shelf, though they can also be used in lakes, inshore waters, and inland seas. Depending on the circumstances, the platform may be fixed to the ocean floor, consist of an artificial island, or float. In some arrangements the main facility may have storage facilities for the processed oil. Remote subsea wells may also be connected to a platform by flow lines and by umbilical connections. These sub-sea facilities may include one or more subsea wells or manifold centres for multiple wells.
Chevron Corporation is an American multinational energy corporation predominantly specializing in oil and gas. The second-largest direct descendant of Standard Oil, and originally known as the Standard Oil Company of California, it is active in more than 180 countries. Within oil and gas, Chevron is vertically integrated and is involved in hydrocarbon exploration, production, refining, marketing and transport, chemicals manufacturing and sales, and power generation.
The Eastern Province, also known as the Eastern Region, is the easternmost of the 13 provinces of Saudi Arabia. It is the nation's largest province by area and the third most populous after the Riyadh and Mecca provinces. In 2017, the population was 4,900,325. Of these, 3,140,362 were Saudi citizens and 1,759,963 were foreign nationals. The province accounts for 15.05% of the entire population of Saudi Arabia and is named for its geographical location relative to the rest of the kingdom.
The Battle of Khafji was the first major ground engagement of the Gulf War. It took place in and around the Saudi Arabian city of Khafji, from 29 January to 1 February 1991.
The Saudi Arabian–Kuwaiti neutral zone, also known as the Divided Zone, was an area of 5,770 km2 (2,230 sq mi) between the borders of Saudi Arabia and Kuwait that was left undefined when the border was established by the Uqair Convention of 2 December 1922.
Ras al-Khafji or Khafji (الخفجي) is a town on the border between Saudi Arabia and Kuwait. It lies in what was before 1970 the Saudi Arabian–Kuwaiti neutral zone.
Kuwait Petroleum Corporation is Kuwait's major national oil company, headquartered in Al Kuwait.
Offshore drilling is a mechanical process where a wellbore is drilled below the seabed. It is typically carried out in order to explore for and subsequently extract petroleum that lies in rock formations beneath the seabed. Most commonly, the term is used to describe drilling activities on the continental shelf, though the term can also be applied to drilling in lakes, inshore waters and inland seas.
QatarEnergy, formerly Qatar Petroleum (QP), is a state owned petroleum company of Qatar. The company operates all oil and gas activities in Qatar, including exploration, production, refining, transport, and storage. The President & CEO is Saad Sherida al-Kaabi, Minister of State for Energy Affairs. The company's operations are directly linked with state planning agencies, regulatory authorities, and policy making bodies. Together, revenues from oil and natural gas amount to 60% of the country's GDP. As of 2018 it was the third largest oil company in the world by oil and gas reserves. In 2022, the company had total revenues of US$52bn, a net income of US42.4bn, and total assets of US$162bn. In 2021, QatarEnergy was the fifth largest gas company in the world.
This page summarizes projects that propose to bring more than 20,000 barrels per day (3,200 m3/d) of new liquid fuel capacity to market with the first production of fuel beginning in 2015. This is part of the Wikipedia summary of Oil Megaprojects.
The petroleum industry in Kuwait is the largest industry in the country, accounting nearly half of the country's GDP. Kuwait has proven crude oil reserves of 104 billion barrels (15 km3), estimated to be 9% of the world's reserves. Kuwait's oil reserves are the sixth largest in the world and the Burgan Field is the second largest oil field. Kuwait is the world's eleventh largest oil producer and seventh largest exporter. Kuwait's oil production accounts for 7% of world-wide oil production.
The petroleum industry in Western Australia is the largest contributor to the country's petroleum exports. Western Australia's North West Shelf (NWS) is the primary location from which production originates. Oil exports are shipped from Port Hedland.
Safaniya Oil Field, operated and owned by Saudi Aramco, is the largest offshore oil field in the world. It is located about 265 kilometres (165 mi) north of the company headquarters in Dhahran on the coast of the Persian Gulf, Saudi Arabia. Measuring 50 by 15 kilometres, the field has a producing capability of more than 1.2 million barrels per day.
Gulf Helicopters Company (GHC) is a Qatari helicopter services provider mainly servicing the oil and gas industry in Middle East, North Africa and Asia. It is a 100% subsidiary of Gulf International Services under the QatarEnergy umbrella, and has its headquarters in Doha, Qatar. Gulf Helicopters services include offshore operations IFR/VFR, emergency medical services, VIP executive transport, support of commercial short-term contracts, load lifting -long & short line, seismic support, onshore transport, tourist flights, aerial photo flights, aerial advertising and banner flying. The company operates a fleet of 54 helicopters and has 500+ employees. They also have clients in Malta, Libya, South Africa, Sudan, Saudi Arabia, Oman, Iran, Pakistan, India, Thailand & Malaysia.
In the aftermath of World War I, King Ibn Saud wanted to annex Kuwait and absorb it into Saudi Arabia. Border conflicts were fought in 1919–1920, in which the Kuwaitis successfully fought Ibn Saud's forces off with British assistance. Following the war the Saudis imposed a trade blockade on Kuwait from 1923 until 1937, which heavily impacted the Kuwaiti economy. The goal of the Saudi pressure was to annex as much Kuwaiti territory as possible. At the Uqair conference of 1922 which was convened to decide on the borders between some of the newly formed Arab states, Ibn Saud succeeded in persuading British diplomat Sir Percy Cox, the high commissioner in Iraq, to give the Saudis two-thirds of Kuwaiti territory. There were no Kuwaiti representatives at the conference. This event set Kuwait's modern boundaries.
Petroleum licensing or exploration license is the act of giving licenses to a company or a joint venture allowing them to search for commercially feasible deposits for the extraction of petroleum.
The Bahrain Petroleum Company (BAPCO) is an integrated petroleum company that is the national oil company of Bahrain.
Nizar Mohammed Al-Adsani is a Kuwaiti businessman and former deputy-chairman and chief executive officer (CEO) of Kuwait Petroleum Corporation.
The Kuwait–Saudi Arabia border is 221 km in length and runs from the tripoint with Iraq in the west to the Persian Gulf coast in the east.
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