BP operates in Kuwait via an enhanced technical providers settlement (ETSA) to assist the Kuwait Oil Firm (KOC) handle improvement of the enormous 1.5mn b/d Burgan oil discipline. The British main was awarded a ten-year ETSA for the work in 2016, which was attributable to expire in the midst of this 12 months (MEES, 15 July 2016). The agency now says that this ETSA was “not too long ago prolonged till mid-2029.”
The extension to 2029 is consistent with Shell, which final 12 months introduced extensions for its three ETSAs in Kuwait that have been additionally attributable to expire this 12 months (MEES, 2 Might 2025). (CONTINUED – 180 WORDS)
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