Kuwait Tacitly Admits Water Cut Of 71.4%, But Plans To Increase Production To 4 Million b/d - Platts

[hatrack]

Or so they claim. Anyway, this is in the Drumbeat Discussion thread, about 40 posts down.

Platts: Kuwait determined to expand capacity to 4 million b/d: official
Kuwait determined to expand capacity to 4 million b/d: official

Dubai (Platts)--12Mar2007

OPEC producer Kuwait is determined to proceed with an $8 billion project
to raise the crude oil production capacity of its northern fields to 900,000
b/d with the help of foreign oil companies as part of a plan to raise overall
capacity to 4 million b/d by 2010, a senior Kuwaiti oil official said Monday.

...

"Those reservoirs hold as much as 10 billion barrels of oil and we
anticipate that $8 billion of investment will be needed to reach the 900,000
b/d figure and maintain that plateau as long as possible while preserving the
integrity of the reservoir and maximizing its recoverable reserves."

...

At a crude production rate of 4 million b/d, KPC anticipates water
production of 10 million b/d. "The management of so much water, with its
associated corrosion, will be a challenge. This is why the participation
of international oil companies in our future investments is critical.
We remain committed to work with our parliament to move this project
forward," Sheikh Nawaf said.

EDIT

http://www.theoildrum.com/node/2360#more

I've linked to The Oil Drum, since I'm not a Platts subscriber.

[FogerRox]

1. Good reason to invest in Dr Bussards IEC fusion reactor

http://www.dailykos.com/story/2006/11/28/15328/187