2. www.kockw.com1
Expected Energy Demand Growth
1
Significant energy demand
growth expected in any scenario
China, India and ME
Oil & Gas will continue to be
main sources of energy, even in
more environmentalist scenario
Increasing importance of
biofuels and renewables
Coal consumption will
significantly decrease if relevant
achievements are made on
controlling CO2 emissions
Source: IEA World Energy Outlook 2009
MTOE
3. www.kockw.com2
Who will supply Oil & Gas Needs?
1258
Billion Barrels
185
Trillion Cubic
Meters
Oil Natural Gas
Source: BP Statistical Review 2009
4. www.kockw.com3
Oil Production Growth
3
OPEC remains as main source
of crude production growth in
any scenario, particularly from
countries in the Gulf
Significant decline of non-
OPEC production, with the
exception of Brazil and Russia
Canada Oil Sands growth will
be affected if more controls on
CO2 emissions are in place
Source: IEA World Energy Outlook 2009
MBD
6. www.kockw.com5
Middle East:
Main source of energy supply
Significant investments will take place in the coming years to supply
world and local energy needs:
KSA: Saudi Aramco to Invest $90B in O&G Projects to 2015
Iraq: recently awarded 11 mega contracts to IOC’s that may allow
to at least double current production capacity in 10 years time
Qatar: Several joint ventures with IOC provides access to latest
technologies, paving the way to significantly increase oil & gas
production
Iran: Plans aims to increase oil production capacity to 8 MMBD by
2015. It will also become a top player on the natural gas business in
the region
Kuwait: Strategy in place to increase oil production capacity to 4
million barrels per day by 2020
7. www.kockw.com6
Illustrative
KOC Way Forward
Strategy focused on the
achievement of sustainable crude oil
production capacities in Kuwait
Commitment to security of supply for
market stability, stable production
growth and OPEC quota compliance
Production Capacity at 4.0 MMBD by
2020
8. www.kockw.com7
7
• 3D Seismic
• Dynamic Pre- And Post Processing Techniques
• Horizontal Drilling / Multiple Laterals
• Game changing technologies – Smart Fields
More Barrels from Matured Fields
CO2 Injection
9. www.kockw.com8
Heavy Oil Development
Kuwait
South Ratqa
Heavy Oil: Main source of growth
Significant reserves of 11-15 API
located in North Kuwait
Main source of production growth
Targets:
60 kbpd in 2015
270 kbpd in 2030
10. www.kockw.com9
Onshore & Offshore Gas
Optimize the production and
utilization of associated gas
Maximize production of non-
associated gas, both onshore and
offshore
Support the energy requirements for
the State of Kuwait and its objectives
to protect the environment
11. www.kockw.com10
Our Challenges
10
Human Resources
Unprecedented skills shortage worldwide
Insufficient expertise on EOR, unconventional oils, offshore gas
Technology
Shift from “easy” oil to more difficult oils
A structural, upward cost shift
Access to latest technologies
Environment
Increasing CO2 emissions
Need to increase HSSE standards for safer and reliable operations
12. www.kockw.com11
Opportunities – Human Resources
Employment and career opportunities in
KOC
We want to become employer of
choice in the Gulf Region
We have a plan in place to recruit
and retain talented people
We provide a highly performance-
oriented environment that motivates
and supports development of
leadership and technical capabilities
13. www.kockw.com12
Key technologies available for
projects development
Well Testing
IT Infrastructure, Asset
& Data Management
Artificial Lift
& Completions
4-D Seismic
Directional
Drilling
& Measurements
Reservoir Studies
Wireline Logging
& PerforationCementing,
Coiled Tubing
& Stimulation
Integrated
Project
Management
Unconventional
Reservoirs
15. www.kockw.com14
Environmental and Carbon Agenda
Full implementation of HSSE Management System in
KOC to achieve highest standards on safe and clean
operations
Significant reductions on gas flaring and CO2
emissions
Implementation of CO2 capture and sequestration
technologies from all major stationary CO2 sources
in Kuwait through agreements with specialized
companies
Implementation of Air Quality Monitoring Services
Project
16. www.kockw.com15
Conclusions
15
By implementing a comprehensive strategy to effectively manage
current energy trends, KOC will continue to be a leading energy
company in the Middle East
KOC will develop oil & gas production capacity to supply market
needs, in both local and international markets
Several challenges lies ahead. Partnerships and cooperation with
IOC’s and Service Companies will be a key success factor to
overcome challenges and to develop opportunities
Corporate Social Responsibility and highest HSSE Standards will
support KOC contribution to Sustainable Development
