Saad Al-Azmi Saad Al-Azmi

KUWAIT: Kuwait Oil Company (KOC) Monday denied as “false” a report by a local newspaper that Kuwait has made offshore oil discoveries. Offshore explorations are in their initial stages following completion of Three Dimensional Survey, said Saad Al- Azmi, KOC Deputy CEO for Administration and Finance.

KOC has already announced 3-D Seismic Survey in Kuwait Bay, operations that are ongoing, Azmi, also KOC spokesman, told KUNA. He said KOC did not carry out new offshore drilling, but the offshore exploration drilling would start in 2017. Al-Anbaa daily quoted oil sources as saying there were around 14 billion barrels of crude oil offshore. — KUNA