Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

KOC conducts three-dimensional seismic surveys N. Kuwait  Join our daily free Newsletter

MENAFN - Kuwait News Agency (KUNA) - 04/12/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - Kuwait News Agency (KUNA)) Kuwait Oil Company (KOC) on Monday commenced three-dimensional seismic surveys in north Kuwait, covering 4,500 square kilometers, which is a quarter of Kuwait's total geographical area, KOC Chairman and Managing Director Sami Al-Rushaid said.

The announcement was made during a press conference held on the sidelines of the ceremony of launching a project for using digital technology in seismic surveys, organized by the KOC in collaboration with World Discoveries Organization.

The three-dimensional seismic surveys cover a large and significant area and will give accurate information thanks to the use of 22,000 collectors, costing a total of roughly USD 185 million, he added.

The two-year surveys will also give very important data on north Kuwait for depths of 25,000 feet underground, the KOC pointed out.

The KOC's 2030 strategy envisions a new discovery of 750,000 barrels and 1.5 billion cubic feet of gas, Al-Rushaid told reporters.

 






  MENA News Headlines


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help