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