bp, Kuwait Oil Company extend technical services agreement through 2029

(WO) - Kuwait Oil Company (KOC) and bp have extended their Enhanced Technical Services Agreement (ETSA) through March 2029, continuing bp’s technical support for enhanced oil recovery (EOR) and field development across several of Kuwait’s core producing assets.

Under the agreement, bp will continue to provide subsurface, reservoir and EOR expertise to support development of the Greater Burgan oil field, one of the world’s largest producing oil fields, as well as South and East Kuwait fields. The program also includes up to 50 secondments of bp technical specialists to work alongside KOC teams, aimed at strengthening local operational and reservoir management capabilities.

The ETSA was originally signed in 2016 for a 10-year term and supports Kuwait Petroleum Corporation’s long-term production objectives by applying international EOR experience to mature, high-value reservoirs. The extension reflects KOC’s continued focus on maximizing recovery and sustaining output from its most strategic fields through advanced reservoir management and technology transfer.

bp said the agreement builds on its long-standing relationship with Kuwait’s upstream sector, dating back to early exploration activity in the country, and underscores the role of international technical collaboration in supporting production efficiency and recovery from giant fields.

KOC continues to prioritize enhanced recovery techniques and capability development as it works to maintain capacity from its mature producing assets and meet national production targets.