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Global Tenders - Kuwait Petroleum / Oil Tenders
Global Tenders - Business Opportunities - International Competitive Bids

63 Record Matches Your Request
Showing 1 - 10 Records
Tender Notice Type: Procurement News Country : Austria
Tender Category: Banking, Finance, Insurance and Securities (BFIS) , Energy, Power and Electrical , Consultancy - Engineering , Environment and Pollution , Infrastructure and construction , Non-Renewable Energy , Oil and Gas , Oil and Gas Product and Equipment , Oil and Gas Services , Renewable Energy
Description: Austria,Kuwait,Russian Federation,Saudi Arabia,Venezuela : MOSCOW: RUSSIA did Nuclear Power Plant talks with KUWAIT
Action Deadline:   Ref. no.: 37443761
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Tender Notice Type: Tender Notice Country : Kuwait
Tender Category: Oil and Gas Product and Equipment
Description: Supply Of Lubricant
Action Deadline: 14 Feb 2017 Ref. no.: 37332478
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Tender Notice Type: Tender Notice Country : Kuwait
Tender Category: Industry , Machinery and Equipments(M&E) , Oil and Gas Product and Equipment
Description: Purchase Of Electrode.welding. Austenitic Chromium Nickel Stl, Aws K310-15/bs 2926-hl, Arcaloy 310 Etc.
Action Deadline: 21 Feb 2017 Ref. no.: 37324791
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Tender Notice Type: Tender Notice Country : Kuwait
Tender Category: Industry , Metals and Non-Metals , Machinery and Equipments(M&E) , Oil and Gas Product and Equipment
Description: Purchase Of Electrode, Welding, Stainless Steel, 2.4 Mm, E 316l-16 "electrode, Welding Etc.
Action Deadline: 13 Feb 2017 Ref. no.: 37324790
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Tender Notice Type: Tender Notice Country : Kuwait
Tender Category: Industry , Machinery and Equipments(M&E) , Oil and Gas Product and Equipment
Description: Supply Of Frong Splint Size: Small Frong Splint Size: Small To Use As Treatment And Protection Distal Finger
Action Deadline: 30 Jan 2017 Ref. no.: 37290172
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Tender Notice Type: Tender Notice Country : Kuwait
Tender Category: Machinery and Equipments(M&E) , Oil and Gas Product and Equipment
Description: Supply Of Wellheads Section For Workover.
Action Deadline: 31 Jan 2017 Ref. no.: 37222014
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Tender Notice Type: Tender Notice Country : Kuwait
Tender Category: Software Services , Oil and Gas Services
Description: Supply, Installation, Maintenance And Support Services
Action Deadline: 14 Feb 2017 Ref. no.: 37194917
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Tender Notice Type: Tender Notice Country : Kuwait
Tender Category: Software Services , Oil and Gas Services
Description: Maintenance And Support Services Of Gas Management Information Systems
Action Deadline: 08 Feb 2017 Ref. no.: 37132883
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Tender Notice Type: Project Information Country : Kuwait
Tender Category: Oil and Gas , Infrastructure and construction , Building
Description: Industrial Complex As Launchpad For Oil Projects In Al-shaaiba Area
Action Deadline: Dec 2017 Ref. no.: 34726164
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Tender Notice Type: Project Information Country : Kuwait
Tender Category: Oil and Gas , Oil and Gas Services , Infrastructure and construction
Description: Khafji to Mina Al Ahmadi New Gas and Condensate Pipeline
Action Deadline: Jan 2019 Ref. no.: 34363708
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View More Petroleum & Oil Tenders from Kuwait >>>

Kuwait is OPEC's third largest oil producer and claims to hold approximately 104 billion barrels (16.5×10^9 m3), 8% of the world's world oil reserves. This includes half of the 5 billion barrels (790×10^6 m3) in the Neutral Zone which Kuwait shares with Saudi Arabia. Most of Kuwait's oil reserves are located in the 70 billion barrels (11×10^9 m3) Burgan field, the second largest conventional oil field in the world, which has been producing oil since 1938. Since most of Kuwait's major oil fields are over 60 years old, maintaining production rates is becoming a problem.

The size of Kuwait's reserves came into question in 2006 when a leaked memo from the Kuwait Oil Company (KOC) reported by Petroleum Intelligence Weekly that national reserves of were some 48 billion barrels. The data was produced at the end of 2001 by state-owned Kuwait Oil Co. (KOC) and based on the findings of its reserves management committee. The total includes the whole of Kuwait plus its share of the Neutral Zone shared with Saudi Arabia, which is referred to in Kuwait as the Divided Zone (DZ). These barrels are split roughly 50-50 between "proven" reserves -- those with a 90% certainty of being produced -- and "nonproven," which is assumed to be a combination of probable and potential. The total figure is more than 75% lower than Kuwait's official proven reserves of 101.5 billion bbl.

Kuwait produces about 2.6 million barrels per day (410×10^3 m3/d) which translates to a reserves-to-production ratio of about 100 years.
 

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