Project Profile
Value: US$350 million
Location: Neutral zone between Saudi Arabia and Kuwait
Reserves: 2,500 million bbl
Start-up Year: 2017
Pilot project to tap heavy crude reserves by steam injection. Production at the aging Wafra field is expected to decline slowly from current levels of 250,000-260,000 barrels per day. A full field EOR scheme, if executed will not bring a sizeable increase in the output, but will offset future declines and hold production steady at around 270,000 b/d. The main purpose of the steamflood project is to increase the recovery factor from 5% to somewhere between 20% to 30%. Given reserves estimates of around 20 billion barrels for Wafra, a fivefold increase in the recovery rate would unlock 4 billion barrels of extra crude oil from the Eocene 1 formation with an API gravity of 17°-18°. Most of the oil produced now comes from the Ratawi formation and is of 23° API.
Operators:
Kuwait Gulf Oil Company (KGOC)
Saudi Arabian Chevron
Contractors:
United Gulf Construction Company (UGCC): Will supply equipment
WorleyParsons: FEED contract under a 4-year Engineering Services contract