Nabil Buresli
,Chairman,Kuwait Oil Company
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Similarly to its fellow GCC states, Kuwait has set some ambitious crude production targets as part of its 2020 vision. The country is looking to raise production by 1mn barrels of oil per day and has invested billions of dollars in the past six months to boost output from its depleting fields.
It is also looking to develop its offshore sector and tap into the more difficult reserves with the help of technology and enhanced recovery techniques. After a successful project with Halliburton, KOC now pumps 1,000 bpd from wells that had not produced anything for more than 15 years.
