bp, Kuwait Oil Company extend technical services agreement through 2029

(WO) – Kuwait Oil Company (KOC) and bp have extended their Enhanced Technical Services Agreement (ETSA) through March 2029, continuing bp’s technical support for enhanced oil recovery (EOR) and field development across several of Kuwait’s core producing assets.

Under the agreement, bp will continue to provide subsurface, reservoir and EOR expertise to support development of the Greater Burgan oil field, one of the world’s largest producing oil fields, as well as South and East Kuwait fields. The program also includes up to 50 secondments of bp technical specialists to work alongside KOC teams, aimed at strengthening local operational and reservoir management capabilities.

The ETSA was originally signed in 2016 for a 10-year term and supports Kuwait Petroleum Corporation’s long-term production objectives by applying international EOR experience to mature, high-value reservoirs. The extension reflects KOC’s continued focus on maximizing recovery and sustaining output from its most strategic fields through advanced reservoir management and technology transfer.

bp said the agreement builds on its long-standing relationship with Kuwait’s upstream sector, dating back to early exploration activity in the country, and underscores the role of international technical collaboration in supporting production efficiency and recovery from giant fields.

KOC continues to prioritize enhanced recovery techniques and capability development as it works to maintain capacity from its mature producing assets and meet national production targets.

    

  • Related Posts

    Baghdad Hosting EU Energy Talks After Iraq Floats OPEC Exit

    European officials are expected to visit Baghdad in the coming weeks for high-level talks on energy cooperation, just hours after Iraq warned it could leave OPEC unless the producer group…

    Saudi Arabia Set to Slash Oil Prices as Hormuz Reopens

    Saudi Arabia is expected to slash the official selling prices of its crude loading for Asia in August, as Middle East’s crude benchmarks crashed amid the tentative reopening of the…

    Have You Seen?

    Afrigen Energy Invites Investors and Strategic Partners for Financing of 50 MW Private Solar PV Project

    • June 27, 2026
    Afrigen Energy Invites Investors and Strategic Partners for Financing of 50 MW Private Solar PV Project

    Global Utilities and Manufacturers Unite to Strengthen Grid Supply Chains Amid Rising Electrification Demand

    • June 27, 2026
    Global Utilities and Manufacturers Unite to Strengthen Grid Supply Chains Amid Rising Electrification Demand

    Infinity Power Selects AIKO as Sole PV Module Supplier for Egypt’s 1.2 GW Nefer Menya Solar and 600 MWh Battery Storage Project

    • June 27, 2026
    Infinity Power Selects AIKO as Sole PV Module Supplier for Egypt’s 1.2 GW Nefer Menya Solar and 600 MWh Battery Storage Project

    Oil Prices Dive as More Tankers Move Through Strait of Hormuz

    • June 27, 2026
    Oil Prices Dive as More Tankers Move Through Strait of Hormuz

    AMERICAN ENERGY SNAPSHOT: America’s Strategic Petroleum Reserve

    • June 27, 2026
    AMERICAN ENERGY SNAPSHOT: America’s Strategic Petroleum Reserve

    Magnolia Oil & Gas Is in Lead to Acquire WildFire for Over $4 Billion

    • June 27, 2026
    Magnolia Oil & Gas Is in Lead to Acquire WildFire for Over $4 Billion

    US Natural Gas Drops on Cooler Outlooks as July Contract Expires

    • June 27, 2026
    US Natural Gas Drops on Cooler Outlooks as July Contract Expires

    US Energy Firms Add Most Rigs in a Week Since June 2022, Baker Hughes Says

    • June 26, 2026
    US Energy Firms Add Most Rigs in a Week Since June 2022, Baker Hughes Says

    Chevron Eyes More Deals to Power US Data Centers

    • June 26, 2026
    Chevron Eyes More Deals to Power US Data Centers

    US Diesel Refining Economics Remain Firm Despite Iran War Truce

    • June 26, 2026
    US Diesel Refining Economics Remain Firm Despite Iran War Truce