Companies
Kuwait Oil Company (KOC)
Kuwait · Oil & gas (upstream) · State-owned · Founded 1934
Kuwait Petroleum Corporation's oil-history page says Kuwait Oil Company began in 1934 as a joint venture between the Anglo-Persian Oil Company (now BP) and the Gulf Oil Corporation (now Chevron). According to the page, KOC's first successful well came at the Burgan field in 1938. According to the same page, it also lists offshore drilling in the Medina field in 1962, the first export of a light-oil shipment in 2018 and the start of production at the South Ritqa heavy-oil project in 2020. The page gives no production, revenue or leadership figures for KOC, and INXEN has not found audited financial statements published by the company.
Key facts
No verified figure held yet.