Kuwait to outsource huge redevelopment job

Kuwait plans to double oil production in its northern fields by outsourcing a $7 billion package of redevelopment and enhanced oil recovery work to an international consortium of petroleum companies.At an international conference on investment by foreign companies in oil field development in Kuwait last week, Kuwaiti Oil Minister Sheikh Saud Nasser al-Sabah highlighted the strategic importance of further developing the country's northern oil fields as part of an overall quest to boost its production capacity to more than 3 million b/d. Kuwait currently has productive capacity of 2.5 million b/d and a quota, under its membership in the Organization of Petroleum Exporting Countries, of 1...

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