Kuwait will Explore its “Shale Oil & Gas Deposits”

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Kuwait has started a study to assess its shale-oil deposits, Hassania Hashim, deputy managing director for northern Kuwait, Kuwait Oil co. (KOC) told to media.

In the same context, KOC identified a shale gas deposit and it will “soon” venture into developing the resource, Chairman and Managing Director Sami al-Rushaid told a March 10 at an oil and gas conference in Manama, Bahrain, without disclosing any details.

The company also plans to expand development of sour, or high-sulfur, gas deposits, to nearly triple the production capacity to 2.5 billion cubic feet a day of gas by 2030, he said.

[tbpspa]

Kuwait lacks the experience to develop more challenging unconventional gas resources on its own and it must resort to international oil companies, said Kamil al-Harami, an independent oil analyst based in Kuwait.

“If the Kuwaitis don’t specify a deadline for the project and don’t seek help from international companies, then their plans to develop the shale and sour gas deposits are just daydreams,” he added.

[tbpspa]

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