KUWAIT OIL UPDATE -- MARCH 29, 2003

C O N F I D E N T I A L KUWAIT 001148 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 29, 2003 REF: KUWAIT 1119 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 3/29/03. Explanatory comments follow at para 2. Begin Report Kuwait Petroleum Corporation Daily Crude Production All figures in bbls This report covers activities from 0500 3/28/03 to 0500 3/29/00 Total Kuwait Production 2,457,657 KOC Proper: South East: 1,358,289 West: 346,357 North: 424,822 Total: 2,129,468 Wafra Joint Operations: R/B to KOC 139,822 R/B to KNPC 0 R/B to SAT 5,777 R/B total 145,599 Eocene 42,591 KGOC: Khafji 121,000 Hout 19,000 KEC Receipt 2,262,965 (API 30.7, Salt PTB 29.0) KEC Stock 6,787,088 KEC Ullage 7,406,643 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