Kuwait Energy pairs up for unconventional plays
East West Petroleum Corporation said today it has entered into an agreement with Kuwait Energy Company for use of its unconventional oil and gas technologies for multiple exploration and producing concessions held by Kuwait Energy in the Middle East, North Africa and Eurasia regions.
“The purpose of the agreement is to identify unconventional resource plays such as shale gas, shale oil and tight gas sands for future development,” said East West.
“Technical studies will include comprehensive rock and formation analyses, state-of-the-art drilling design and modern reservoir fracturing applications for select unconventional and conventional reservoirs.”
The agreement covers a total of 13 exploration and production licenses across four countries in which Kuwait Energy holds exploration and production participation interests.
Total gross acreage covered under the agreement is over 21,000 square kilometres.