subject: Exploration, Drilling And Exports - Chief Function Of Koc [print this page] This company is one of the top five exporters of oil in the world. It is an ancillary unit of the larger Kuwait Petroleum Corporation. Read on to know more about this company. The Kuwait Oil Company was established in the year 1934. Two companies, the Anglo-Persian Oil Company and the Gulf Oil Corporation, started it. In 1875, the Government of Kuwait becomes the owner of this company. It took 100% ownership. The company's big jump came when it discovered Super light crude oil in 2005. In 2006, natural gas was discovered in the fields and made Kuwait self sufficient in power distribution.
Important Functions of Kuwait Oil Company:
The Four chief function of the Kuwait Natural Company is Exploration, Drilling, Production and Export of petroleum and by products.
Exploration: The earlier days of exploration of oil was done by geologists, who would trace the possible locations. Mapping and examining of rocks were the basic methods that were used earlier. Drilling rates were not much achievable as exploration methods were not up to mark.
With the development of Geophysical and Geological techniques, exploration improved. The engineers started using high-end technology methods, exploration in the company reaped good results. Existing and known oil reservoirs also improved the potential.
Drilling: the drilling operations in the company use the latest technology and are world class. Best use of resource management techniques sets the company apart. Drilling of oil and natural products is one of the major activities Kuwait Oil Company. These activities are done in a sage and environment friendly way. Drilling activities are done considering the improved technological advances, both offshore and on land.
Production: This is third important step associated with the entire oil selling business. Kuwait Oil Company manages more than ten oil fields production activities. It handles a integrated production system consists of Oil Wellheads, Oil Flowlines, Gathering Centres, Gas Booster Stations, Water Treatment and Injection Plants and Pipeline Transit Systems.
Exports: Besides well-maintained production units, the company also maintains fully integrated export facilities. The main export units consist of Mixing & Distribution Manifolds, Crude Metering System, Loading Terminals/Points, Crude Oil Movement Control Centres and Tank Farms.
The company tries to explore, develop and export best quality hydrocarbon resources to the world market. While doing this, it tries to safeguard the environment and interest of the people. Using state of the art technology, the company is trying to find the best hydrocarbon resources in Kuwait.
