TFIZ01: KUWAIT OIL UPDATE -- MARCH 31, 2003

C O N F I D E N T I A L SECTION 01 OF 02 KUWAIT 001176 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: TFIZ01: KUWAIT OIL UPDATE -- MARCH 31, 2003 REF: KUWAIT 1162 AND PREVIOUS Classified By: DCM Frank C. Urbancic for reasons 1.5. (B) and (D) 1.(C) The data set for Kuwait Petroleum Corporation (KPC) production for March 30 was not received until the morning of March 31, and is provided at para 2. Para 3 contains full KPC data set for March 31. Explanatory comments follow at para 4. ¶2. (C) Data set for March 30 (Begin Report) Kuwait Petroleum Corporation Daily Crude Production All figures in bbls This report covers activities from 0500 3/29/03 to 0500 3/30/00 Total Kuwait Production 2,487,771 KOC Proper: South East: 1,392,365 West: 323,745 North: 427,472 Total: 2,143,582 Wafra Joint Operations: R/B to KOC 156,375 R/B to KNPC 0 R/B to SAT 4,966 R/B total 161,341 Eocene 43,348 KGOC: Khafji 121,000 Hout 18,500 KEC Receipt 2,265,583 (API 30.6, Salt PTB 35.0) KEC Stock 7,169,332 KEC Ullage 7,024,399 (End Report) ¶3. (C) Data set for March 31 (Begin Report) Kuwait Petroleum Corporation Daily Crude Production All figures in bbls This report covers activities from 0500 3/30/03 to 0500 3/31/00 Total Kuwait Production 2,428,821 KOC Proper: South East: 1,324,917 West: 361,161 North: 420,883 Total: 2,106,961 Wafra Joint Operations: R/B to KOC 146,712 R/B to KNPC 0 R/B to SAT 5,154 R/B total 151,866 Eocene 30,494 KGOC: Khafji 121,500 Hout 18,000 KEC Receipt 2,240,892 (API 30.7, Salt PTB 33.8) KEC Stock 6,303,751 KEC Ullage 7,884,980 (End Report) 4.(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