Kuwait is rapidly emerging as a major player in the production and export of natural gas, as the country aims to meet the increasing demand for gas both locally and globally. With a focused strategy and significant milestones achieved, Kuwait is no longer content with being a mere spectator in the regional energy race.
According to a reliable source in the oil industry, Kuwait has successfully commenced operations at the last Jurassic production stations, JPF 4 and JPF 5, located in northern Kuwait. These stations are contributing 320 million cubic feet per day of associated gas and 100 thousand barrels per day of light oil to Kuwait’s gas production capacity. This achievement is a testament to Kuwait’s commitment to increasing its gas production and becoming self-sufficient in gas supply.
The implementation of gas projects is a complex process that requires continuous work and high efficiency. However, the Kuwait Oil Company has managed to complete the construction of the Jurassic production stations on schedule, without any major incidents or changes to the contracts signed with contractors. This success highlights the company’s dedication to achieving its goals and further solidifies Kuwait’s position as a reliable and efficient player in the energy sector.
Becoming an exporter of natural gas will have a positive impact on Kuwait’s economy, especially given the current rise in energy prices, particularly gas. By joining the exporters’ club, Kuwait can capitalize on the growing demand for gas and leverage its resources to generate revenue and strengthen its economy. Additionally, reducing the costs of importing gas from abroad by utilizing its own gas resources for energy production aligns with Kuwait’s long-term economic goals.
The oil sector in Kuwait is determined to increase natural gas production in line with the country’s 2040 strategy to meet the growing energy demands. In pursuit of this goal, Kuwait and Saudi Arabia have signed a memorandum of understanding to develop the Dorra field. This joint venture aims to produce one billion standard cubic feet per day of gas and 84 thousand barrels of condensate per day, with an equal distribution between the two countries. This collaboration not only strengthens bilateral ties but also enhances the regional energy landscape.
It is worth noting that the operation of the Jurassic production stations, JPF 4 and JPF 5, faced a delay of 40 months due to approval delays from the Central Agency for Public Tenders. These delays had a significant impact on the schedule for completing the stations. Despite this setback, Kuwait’s commitment to overcoming challenges and staying on track with its gas production strategy demonstrates its resilience and determination.
In conclusion, Kuwait’s rapid progress in natural gas production and export is positioning the country as a key player in the global energy market. With successful operations at the Jurassic production stations and a focused strategy to achieve self-sufficiency in gas, Kuwait is well on its way to becoming an exporter of natural gas. By leveraging its resources and collaborating with neighboring countries, Kuwait is poised to meet the growing energy demands and strengthen its economy for years to come.
Source: TimesKuwait
