Kuwait Oil Company said that the first phase of heavy crude oil production at Al Ritqa, a northern Kuwaiti oilfield, is expected to hit production levels of 11,000 barrels per day (bpd) by August.
The project aims to boost heavy crude output to 430,000bpd, up from 60,000bpd, through multiple phases by January, according to the Kuwait News Agency, which cited Fatama Al-Kanderi, who oversees project planning at KOC.
Boosting heavy crude output is a major part of the country’s 2040 oil production strategy. Kuwait plans to increase overall oil production capacity to 4.75mbpd by 2040, up from its current capacity of 3.15mbpd.
