Kuwait Gulf Oil Company

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
Agency overview
FormedFebruary 2002 (2002-02)
HeadquartersAl Ahmadi, Kuwait
Agency executive
  • Abdullah Ali Al-Sumaiti, Acting.CEO
Parent departmentKuwait Petroleum Corporation
Websitewww.kgoc.com

History

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 serves as CEO of KGOC.[9]

Research

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]

See also

References
  1. "Kuwait Petroleum Corporation Home". Kuwait Petroleum Corporation. Retrieved 2017-11-14.
  2. "Our History". Kuwait Gulf Oil Company. Retrieved 2018-03-24.
  3. "Kuwait – International – Analysis". U.S. Energy Information Administration. Retrieved 2018-03-25.
  4. "Kuwait Gulf Oil Company Profile". Gulf Oil & Gas. Retrieved August 10, 2020.
  5. Affairs, Chevron Policy, Government and Public. "Saudi Arabia". chevron.com. Retrieved 2018-06-01.
  6. "Al-Khafji Joint Operations [KJO]". www.kjo.com.sa. Retrieved 2018-06-01.
  7. "Chevron prepares to restart Wafra oilfield on Saudi-Kuwaiti border". Zawya. February 13, 2020. Retrieved August 10, 2020.
  8. "Chevron expects full oil output from Saudi-Kuwaiti field within 12 months". Zawya. December 24, 2019. Retrieved August 13, 2020.
  9. "High Standards". The Business Year. 2018. Retrieved August 13, 2020.
  10. "CGG Geoscience delivers multi-year study to Kuwait Gulf Oil Company ahead of schedule". World Oil. September 18, 2019. Retrieved August 13, 2020.
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