Insight
Kuwait unlocked: upstream investment opportunities
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Kuwait, a global oil powerhouse, stands as one of the few countries without direct foreign involvement in its upstream sector. However, this could soon change. The appointment of a new Emir, Sheikh Mishal, in December 2023 marks the beginning of a period of significant reforms, potentially paving the way for large-scale upstream opportunities to be opened to international participation.
Table of contents
- 1. Greater Burgan
- 2. Northern Fields
- 3. Western Fields
- 4/5. Onshore and Offshore Partitioned Zones
- 6. Kuwait Offshore
- Offshore subsurface: the new exploration frontier
- In the short term (1 to 2 years)
- In the long term (2+ years)
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Post war recovery: political gridlock and delayed investment (1992 onwards)
- Kuwait’s political system
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Kuwait's historical opposition to IOC involvement
- Enhanced Technical Service Agreements (ETSAs)
- ETSA awards:
- What has changed?
Tables and charts
This report includes the following images and tables:
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Kuwait's creaming curveKuwait's six-well offshore exploration campaignKuwait's current six well offshore campaign - discoveries and planned wells
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Contractor IRR Vs government take (%), light oil Vs heavy oil onshore Kuwait developmentKuwait's oil production historyKuwait's political systemKuwait upstream organisations
What's included
This report contains:
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