KUWAIT - Exploration.In mid-1995 KOC KOC Knights of Columbus KOC Kings of Chaos (gaming) KOC Kuwait Oil Company KoC Knights of Cydonia (Muse song) KOC Kiss on the Cheek KOC Kuwait Olympic Committee KOC Kids of Cracatau suspended exploration work to concentrate on a seismic survey of Kuwait costing about $127m. Western Geophysical Western Geophysical was a company founded in California in 1933 by Henry Salvatori for the purpose of using reflection seismology to explore for petroleum. The company prospered and was sold by Salvatori to Litton Industries in the 1960s. (Western Atlas Western Atlas was formed in 1987 through the merger of Western Geophysical (owned by Litton Industries) and Dresser Atlas. The resulting company was a joint venture of Litton and Dresser Industries until it was spun off as a publicly traded company in 1994. ) was contracted for $50m to do a 2-D survey of onshore on·shore adj. 1. Moving or directed toward the shore: an onshore wind. 2. Located on the shore: an onshore beacon; an onshore patrol. adv. and offshore areas over three to five years starting from Feb. 1996. Geco-Prakla of the UK (a unit of Schlumberger) was hired for about $75m to do a 3-D survey, the first ever in Kuwait, for five years, to concentrate on the primary reservoirs to examine the oil and gas formations of Burgan, Greater Burgan, Raudhatain, Sabriya, Umm Gudair and Minagish. Texaco and KOC formed a joint team to do 3-D surveys on Kuwait's side of the Divided Zone, in Wafra, and the Humma formation believed to have big potential. The first to explore in Kuwait was a BP-Gulf Oil partnership, KOC. It won a 6,000 sq mile concession in Dec. 1934. Its exploration led to the discovery of Burgan in 1938 and, after World War II, it found Magwa in 1951 and Ahmadi in 1952 with both being extensions of Burgan. It found Raudhatain in 1955 and Bahra and Sabriya in 1956. Later KOC explored the south-west and south, having enlarged its concession to cover most of the emirate e·mir·ate n. 1. The office of an emir. 2. The nation or territory ruled by an emir. Noun 1. emirate - the domain controlled by an emir with the exception of the Divided Zone. It was guided mainly by the Greater Burgan Trend's extensions to the west and south. It found Minagish in 1959, Umm Gudair in 1962 and Rugei in 1972. In 1948, the American Independent Oil Co. (Aminoil) won the onshore concession in the Neutral Zone and began exploration in the following year. It found Wafra in 1953 and South Umm Gudair in 1966. In 1958, AOC AOC, n an acronym for the Aromatherapy Organizations Council. won the offshore concession in the Neutral Zone and found Khafji in 1960, Hout in 1963, Lulu in 1966 and Dorra in 1967. Kuwait nationalised KOC on Dec. 1, 1975 (see background in Vol. 56, Gas Market Trends No. 21). |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion