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Petroleum Intelligence Weekly reports that state-owned Kuwait Petroleum Corp. (KPC) has coped pretty well so far during the crises — boosting oil production briefly to a peak of 2.5 million barrels per day (mbd), maintaining oil exports, and just last week restoring refinery throughput to pre-war levels of around 0.9 mbd. A team from Kuwait Oil Co. has also helped put out a fire at one well in the Rumaila field in Iraq. In anticipation of possible disruptions, KPC has ramped up output from around 2.1 mbd in February to some 2.4 mbd at present. Some 0.085 mbd of production halted in March at the Ratqa and Abdali fields on the Iraqi border was made up by hiking output at the giant Burgan field. KPC restarted 17 wells at Ratqa last week. Fields in the south, including Burgan, are pumping about 1.36 mibd. There is also 0.35 mbd from western fields, and another 0.42 mbd from northern oil fields where production was not stopped. Some 0.14 mbd is coming from the offshore Neutral Zone, with about 0.12 mbd from the Khafji field and 0.018 mbd from Hout. The onshore Neutral Zone, which includes the Wafra, Umm Gudair, and South Fawaris fields, is producing 0.140 mbd, with about 0.040 mbd more coming from the shallow Eocene formation at Wafra. KPC is also working in the north to restore capacity at four fields, including Raudhatain, that were producing 0.62 mbd before an accident last year.
Flow wrote:Amazingly, you do a google on this and only one source is reporting it. For such a huge story you think it would be all over the place.
Flow wrote:Amazingly, as huge of a story as this is and the potential remification of it - do a Yahoo! News search for this: Kuwait Burgan oil production
A whooping 4 articles that deal with it. Two of the articles comes from the highly accredited and most popular news site on the planet www.ameinfo.com . One story is just a cut and past of this story in the equally impressive menewsline.com. And then of course, one of the major Peak Oil websites " From the Wilderness" has picked it up (as I am sure others will do sooner or later).
A classice example of Doomers finding a story online, not doing an ounce of research on it and passing it off as fact to prove the predictions of a Thanksgiving 2005 peak.
I guess the same people that are keeing peak oil out of the mainstream media are burying this Kuwait news too (as huge of a story as Peak Oil is and as much as the media loves to scare the death out of people with West Nile, Bird Flu, etc - it should be on Fox News NON-STOP. We should never have to hear about Natalie Halloway ever again).
Just because you cannot access it doesn't mean it's not there or not important. What it really means is that you don't have decent quality data sources, a problem that you could remedy if you wanted but apparently do not wish to address.
I wonder if Saddam and his Band of Thieves had a chance to damage this field while they were there the last time.
lowem wrote:EnergyBulletin has archived the story :
Flow wrote:lowem wrote:EnergyBulletin has archived the story :
I am sorry but EnergyBulletin is just another Peak Oil website. I mean one of their main 5 links on every page is "Peak Oil Primer."
That is almost as funny as quoting LATOC.net as a reputable Peak Oil source. There are so many comments taken out of context, so many "worst case scenerio" articles presented as fact, so many links taken from other Peak Oil websites, etc... the list goes on and on.
Quoting any site who has 1/5 of their main links on every page pointing to Peak Oil is like listening to Rush Limbaugh and trying to get a good, unopinionated grasp on the policies of the Democrats.
PO Box 502100
Dubai Media City, Phase II, Building 4
Domain Name: AMEINFO.COM
Administrative Contact , Technical Contact :
PO Box 502100
Dubai Media City, Phase II, Building 4
Record expires on 06-Apr-2011
Record created on 05-Apr-1996
Database last updated on 01-Jul-2004
GreyZone wrote:I don't accept the political views of Pravda or China Daily or India Daily or Al Jazeera or many other sources but I do read them to see what is abuzz in the world. And on many occasions I've seen the entire rest of the world discussing an issue that the US media remain silent on. Why? Who knows but it probably has more to do with media in the US being a "profit center" and "entertainment" than a news source.
Kuwait may accept foreign oil groups as early as next year - report
HONG KONG (AFX) - Kuwait said it would not be able to meet its oil production goals without the help of international energy companies, raising the prospect that oil majors could get access by early next year, the Financial Times reported.
In it online edition, the newspaper cited Sheikh Ahmad Fahad Al-Sabah, the emirate's energy minister, as saying: 'For production to meet four mln barrels a day by 2020, Project Kuwait is a must.'
Project Kuwait is a seven bln usd plan to boost the production and reserves of its northern oil fields with the help of international oil companies, the newspaper said. The UK's BP and ExxonMobil and Chevron of the US have already expressed an interest.
Kuwait has the world's fifth largest oil reserves. It needs to boost output to four mln barrels a day to meet growing world demand, according to the International Energy Agency.
The report said Kuwait will vote on the project on Jan 23. If it votes to accept overseas oil companies, Saudi Arabia will be the only country in the region to bar overseas firms from its oilfields.
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