Kuwait Oil joins global majors to set up top-class research centre

$RATQA OIL FIELD, KUWAIT - FEBRUARY 6: An oil pump work-over crew maintains a wellhead February 6, 2003 in the Ratqa Oil Field in northern Kuwait, overlooking the DMZ area dividing Kuwait and Iraq. An electrified fence runs the length of the border between the two countries, and an Iraqi oil well burns black smoke in the distance. The Ratqa Field produces 370,000 barrels of crude oil per day or nearly 10% of Kuwait\\'s daily 4 million barrels. Kuwait Oil Company engineers claim Iraq is pumping water back into the underground oil wells to contaminate Kuwait\\'s underground fields. In 1991, the Iraqi Army destroyed many of the wells and equipment of the Ratqa Oil Field during its invasion of Kuwait. (Photo by Robert Nickelsberg/Getty Images) Image used for illustrative putpose. , Getty Images$

RATQA OIL FIELD, KUWAIT - FEBRUARY 6: An oil pump work-over crew maintains a wellhead February 6, 2003 in the Ratqa Oil Field in northern Kuwait, overlooking the DMZ area dividing Kuwait and Iraq. An electrified fence runs the length of the border between the two countries, and an Iraqi oil well burns black smoke in the distance. The Ratqa Field produces 370,000 barrels of crude oil per day or nearly 10% of Kuwait's daily 4 million barrels. Kuwait Oil Company engineers claim Iraq is pumping water back into the underground oil wells to contaminate Kuwait's underground fields. In 1991, the Iraqi Army destroyed many of the wells and equipment of the Ratqa Oil Field during its invasion of Kuwait. (Photo by Robert Nickelsberg/Getty Images) Image used for illustrative putpose.
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As per the deal, each of the five corporations will set up a world-class research center at Al Ahmadi innovation valley to offer solutions to KOC in the areas of exploration for, and production of, oil and gas

Staff Writer, TradeArabia

February 24, 2025

PHOTO
RATQA OIL FIELD, KUWAIT - FEBRUARY 6: An oil pump work-over crew maintains a wellhead February 6, 2003 in the Ratqa Oil Field in northern Kuwait, overlooking the DMZ area dividing Kuwait and Iraq. An electrified fence runs the length of the border between the two countries, and an Iraqi oil well burns black smoke in the distance. The Ratqa Field produces 370,000 barrels of crude oil per day or nearly 10% of Kuwait's daily 4 million barrels. Kuwait Oil Company engineers claim Iraq is pumping water back into the underground oil wells to contaminate Kuwait's underground fields. In 1991, the Iraqi Army destroyed many of the wells and equipment of the Ratqa Oil Field during its invasion of Kuwait. (Photo by Robert Nickelsberg/Getty Images) Image used for illustrative putpose.

Kuwait Oil Company has signed agreements with leading global energy majors Baker Hughes, SLP Oilfield Services, Weatherford International, Halliburton Company and the National Energy Services Reunited Corporation (NESR) to develop Al Ahmadi innovation valley, a leading initiative in the field of digital transformation.

"Al Ahmadi innovation valley is designed to be one of the national assets aiming to push the energy sector forward," remarked its CEO Ahmad Jaber Al Eidan after signing the deals with the global energy majors.

Baker Hughes was represented at the signing ceremony by its Executive Vice President of Oilfield Services and Equipment Amerino Gatti, SLP Oilfield Services by Managing Director Kareem Al Sayed, Halliburton Company by Board Chairman and CEO Jeff Miller, Weatherford by Country Director Ashutosh Panchal and NESR by Chairman and CEO Sherif Foda.

On the deal with Baker Huges, Al Eidan said the two will work to optimize production through cutting edge artificial lift, chemicals and digital technology, solve challenges on KOC’s technology roadmap, develop Kuwait’s national research capabilities and enhance local expertise and Promote economic growth and employment in the country.

Working with global partners, KOC is building an integrated system that could help achieve the company's targets for technological excellence and sustainable energy, stated the top official.

It will be a big stride towards strengthening Kuwait's status as a regional poser in the fields of energy and digital transformation, he added.