By Dinakar Sethuraman
Jan. 17 (Bloomberg) — Kuwait Petroleum Corp. is negotiating a service contract with Royal Dutch Shell Plc to develop 35 trillion cubic feet of gas reserves it discovered last year, the International Oil Daily said, citing Kuwaiti officials it didn’t identify.
Kuwait Petroleum may increase gas output to 600 million cubic feet per day by 2010-11, and as much as 1 billion cubic feet per day by 2015, the report said.
A Kuwaiti company is building processing facilities to produce 170 to 180 million cubic feet per day of gas from northern Kuwait between November and next January, the report said. U.S. Schlumberger Ltd. confirmed the find in a study done last year, the report said.
(International Oil Daily, 12-17)
To contact the reporter on this story: Dinakar Sethuraman in Singapore at [email protected]
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