Under the agreement, the company will share its unconventional technological resources and expertise with Kuwait Energy to identify unconventional and conventional reservoir targets where the application of these technologies can add new unconventional reservoir production, enhance production rates and total petroleum recovery from existing conventional producing intervals.
The purpose of the agreement is to identify unconventional resource plays such as shale gas, shale oil and tight gas sands for future development.
The agreement covers a total of 13 exploration and production licenses across four countries in which Kuwait Energy holds exploration and production participation interests.
