KUWAIT OIL UPDATE -- MARCH 25, 2003

C O N F I D E N T I A L KUWAIT 001078

SIPDIS

STATE FOR TASK FORCE 1 - EB ACTION OFFICER
STATE ALSO FOR EB/ESC AND NEA/ARP
TREASURY FOR OASIA
USDOC FOR 4520/MAC/AME
DOE FOR IE - L. COBURN AND C. WASHINGTON

E.O. 12958: DECL: 1.6 X5, X6
TAGS: EPET KU
SUBJECT: KUWAIT OIL UPDATE -- MARCH 25, 2003

REF: KUWAIT 1064 AND PREVIOUS

Classified By: DCM Frank C. Urbancic for reasons 1.5. (B) and (D)

1.(C) Following is unedited data set received from Kuwait
Petroleum Corporation afternoon of 3/25/03. Explanatory
comments follow at para 2.

Begin Report

Kuwait Petroleum Corporation
Daily Crude Production
All figures in bbls

This report covers activities from 0500 3/24/03 to 0500
3/25/00

Total Kuwait
Production 2,467,550

KOC Proper:
South East: 1,367,990
West: 353,744
North: 418,164
Total: 2,139,898

Wafra Joint Operations:
R/B to KOC 141,663
R/B to KNPC 0
R/B to SAT 0
R/B total 141,663
Eocene 43,489

KGOC:
Khafji 124,000
Hout 18,500

KEC Receipt 2,271,030 (API 30.7, Salt PTB 30.3)
KEC Stock 5,675,610
KEC Ullage 8,518,121

End Report

2.(C) Explanatory Comments:

Wafra Joint Operations refer to onshore concessions in
Saudi-Kuwait divided zone operated by Saudi Arabian Texaco
(SAT). R/B refers to the two producing reservoirs -- Ratawi
and Burgan.

KOC is Kuwait Oil Company
KNPC is Kuwait National Petroleum Corporation

KGOC is the Kuwaiti successor to Arabian Oil Company (AOC),
which previously operated a concession in the offshore
portions of the Saudi-Kuwait divided zone -- AOC still
operates the fields under a service agreement.

KEC refers to Kuwait Export Crude, the country's export
blend. Salt PTB refers to pounds of salt per thousand
barrels of crude oil.
JONES