About Us

The Local Chapter

The Society of Petrophysicists and Well Log Analysts (SPWLA) is a nonprofit corporation dedicated to the advancement of the science of petrophysics and formation evaluation, through well logging and other formation evaluation techniques and to the application of these techniques to the exploitation of gas, oil and other minerals. Founded in 1959, SPWLA provides information services to scientists in the petroleum and mineral industries, serves as a voice of shared interests in our profession, plays a major role in strengthening petrophysical education, and strives to increase the awareness of the role petrophysics has in the Oil and Gas Industry and the scientific community.

 

Chapter history

The local chapter was initially started in Oct 2007, by meeting Petrophysicists both in oil and services companies. A request petition and local chapter by laws were sent to the main SPWLA board to vote on the request. The Kuwait chapter was approved in Feb 2008 SPWLA board meeting and hence the foundation of the SPWLA-Kuwait chapter named as "The Formation Evaluation Society of Kuwait (FESK)".

 

Subsequently, a board was formed involving both oil and service companies. The board approved the chapter by-laws and also, 4 office bearers were elected through consensus of the board members. Afterwards, every year during the event of May annual election is being held to elect new office bearers.


Welcoming this new chapter for a noble cause, Schlumberger, Halliburton and Baker Hughes sponsored 3 events of 2008 starting March 2008. Despite a very difficult year in 2008, due to financial crisis, we managed to hold 8 events during 2008-2009 with the first one being sponsored by KOC. Since then Kuwait chapter has been successful in holding 8 events every chapter years with the great support of oil and service companies. Adding feather to the success, with the kind encouragement and support of sponsors we organized our first "Topical Conference" during October 201 and it was grand success

 

Goals

SPWLA local chapter aims are

• To create a society dedicated for Petrophysicists in Kuwait.
• To promote education and technology (Away from commercialization) in the area of formation evaluation in Kuwait.
• To conduct regular monthly technical presentation on a subject that is of a local interest to Kuwait formation evaluation society.
• To ensure knowledge transfer between local oil companies and service companies to better understand our reservoirs.
• To have a minimum of Eight (8) monthly presentation from October to June each chapter year


SPWLA-Law

   How to Form an SPWLA Chapter

If there are at least three Members, Senior Members or Honorary Members of SPWLA in your area, you may want to organize a chapter.

  • Schedule a meeting of the three or more members.
  • Draw up a set of By-laws to govern your chapter activities following the general pattern of the model By-laws which conform to chapter regulations as given in the SPWLA Amended Articles of Incorporation By-laws.
  • Write a letter to the SPWLA Board of Directors using the sample shown below, with your three or more signatures, and attach your proposed chapter by-laws.

PETITION LETTER

Date

The Board of Directors Society of Petrophysicists and Well Log Analysts, Inc.
8866 Gulf Freeway, Suite 320
Houston, TX 77017

Dear Board of Directors,

The undersigned Members (and/or) Senior Members, Honorary Members, in good standing of the Society of Petrophysicists and Well Log Analysts, Inc., hereby petition the Board of Directors to establish the ___________________ Chapter of SPWLA. Attached is a copy of the proposed By-laws for this chapter which conform to the model by-laws and regulations of the SPWLA Amended Articles of Incorporation. Sincerely, Signed by 3 eligible members

MODEL BY-LAWS FOR A CHAPTER OF SPWLA By-laws for the (Name) , A Chapter of SPWLA

PREAMBLE

The name of this organization is (name) and the permanent mailing address is: (name) P.O. Box or Street Address City, State, Zip Code Country

The purpose of the (name) , a Chapter of the SOCIETY OF PETROPHYSICISTS and WELL LOG ANALYSTS is, in general, the same as stated in Article IV of the SPWLA Amended Articles of Incorporation, and specifically to advance the science of formation evaluation. The (name) is responsible to, and subject to, the Amended Articles and by-laws of the parent SPWLA. In keeping with this declaration, and to guide and regulate the (name) , the following by-laws stand approved and adopted:

ARTICLE I - OFFICERS AND DUTIES

Officers of the Chapter are: President, First Vice President , Secretary and Treasurer . The President and First Vice President must be members of the parent SPWLA .

Section 1 The President shall:

  • Preside at all meetings of the Chapter.
  • Appoint all temporary committees and chairpersons.
  • Perform duties which pertain to the direction of the Chapter.
  • Call special elections.
  • Maintain communication with the parent SPWLA through the assigned Regional Director for the Chapter, and by a formal report (on standard form) within 30 days after each Chapter meeting. f. Forward a list of officers elected for the next term to the SPWLA business office before the Annual Business Meeting, which is held at the annual SPWLA Symposium. g. Encourage membership in both the Chapter and the parent SPWLA. h. Entertain the idea to submit a bid proposal for the purpose of hosting an annual SPWLA Symposium. Formal bids should be presented to the Board of Directors of the SPWLA during the fourth quarter of the calendar year.

Section 2 The First Vice President shall:

  • Be responsible for the technical programs of the Chapter . b. Preside at Chapter meetings in the absence of the President. c. Encourage membership in the Chapter and in the parent SPWLA. d. Encourage participation in technical activities, such as making presentations at Chapter meetings, submitting abstracts to the SPWLA Technological Committee for possible presentation of a paper at the annual SPWLA Symposium, and submitting papers to Petrophysics. e. Arrange for the meeting place of the Chapter.

Section 3 The Secretary shall:

  • Maintain an up-to-date membership list of the Chapter, including name, member status and address. b. Preside at Chapter meetings in the absence of both the President and First Vice President/ c. Give written notice of meetings to eligible members. d. Prepare and keep the minutes of regular and special meetings of the Chapter. Transmit a brief summary of regular meetings to the SPWLA business office for publication in Petrophysics. e. Provide for maintenance of the Chapter Web Page, if applicable.

Section 4 The Treasurer shall:

  • Collect all dues and other obligations to the Chapter. b. Make disbursements and transact other financial business authorized by the Chapter. c. Make a financial report at the close of the Chapter year and at other times upon request of the President. d. Keep the SPWLA business office informed of the Chapters financial status using standard form from business office. e. Keep ongoing orderly financial records for the Chapter.

Section 5 All officers shall familiarize themselves with these by-laws upon taking office, and shall adhere to them in conducting Chapter business.


ARTICLE II - TERM OF OFFICE

The term of office for all officers shall be one year. The term shall begin the first day following the Annual Business Meeting of the Parent SPWLA and end at the close of the next Annual Business Meeting .


ARTICLE III - MEETINGS

Section 1 Chapter meetings shall be held monthly from September through May at a time and place designated by the First Vice President .
Section 2 The President may call special meetings at other times.


ARTICLE IV - MEMBERSHIP

Section 1
Any person with an interest in the study of well logging and formation evaluation shall be eligible to become a member of the Chapter, and should be encouraged to become a member of the parent SPWLA.
Section 2
Membership shall be established upon payment of dues .
Section 3
Members of the Chapter who are not members of the SPWLA shall be known as Affiliate Members. They shall be qualified to vote in the Chapter and to hold any Chapter offices except President and First Vice President . a. Membership classes shall be identical with those of the parent SPWLA, as enumerated in Article V, Section 2 of the Amended Articles of Incorporation of the Society of Petrophysicists and Well Log Analysts, Inc. The qualifications rights and obligations of each class of membership shall be identical with those of the corresponding class of membership set forth in the Articles of Incorporation of the Society of Petrophysicists and Well Log Analysts, Inc.

ARTICLE V - ELECTION OF OFFICERS

Section 1
Election of officers is held by mail after the March Chapter meeting .
Section 2
A written notice containing the slate of nominees as provided by a Nominating Committee shall be mailed to all chapter members not later than five (5) days prior to the date of the election. Additional nominations of any qualified candidate can be made provided that the nominator has prior consent of the candidate .
Section 3
Elections shall be by secret ballot. Each member in good standing shall be allowed one vote for each office. The candidate receiving a majority of votes shall be elected to each office. In the case of three or more candidates for one office, the candidate receiving a plurality shall be elected to that office.
Section 4
If the office of President is vacated for any reason, the First Vice President shall succeed to the office of President; the Executive Committee (see Article VII, Section 1) shall then appoint a First Vice President from the qualified membership to serve the balance of the term. If any other office is vacated, the Executive Committee shall appoint a qualified member to that office for the remainder of the term.


ARTICLE VI - DUES AND FEES

Section 1
Dues and/or membership fees may be levied by recommendation of the Executive Committee and as approved by a majority vote of the qualified membership of the Chapter. Dues shall become delinquent two months after being approved, and members in arrears shall be classified as "not in good standing."
Section 2
Should the Chapter be dissolved for any reason, any remaining funds and assets will be donated to the SPWLA Foundation to be used for educational purposes.


ARTICLE VII - COMMITTEES

Section 1
The Executive Committee shall consist of all current officers, as specified in Article 1, and the Immediate Past President of the Chapter. This committee shall conduct whatever business of the Chapter the President deems necessary.
Section 2
Temporary committees may be appointed by the President to act on Chapter business. The tenure of any temporary committee may be specified by the President, but in all cases temporary committees will automatically be dissolved at the end of the term of office of the Chapter Officers.
Section 3
The Nominating Committee shall be appointed by the President at least one month (30 days) prior to the Chapter deadline for issuing an election ballot (see Article V above). The committee shall consist of at least three (3) members in good standing of the Chapter. The purpose of this committee is to nominate at least two (2) qualified members for each office of the Chapter. The tenure of this committee shall terminate with the presentation of the ballot.
Section 4
Permanent committees may be established by a majority vote of the members present at any Chapter meeting as defined in Article III above. Members of permanent committees shall be appointed annually by the President.


ARTICLE VIII - SECURITY OF INFORMATION

None of the technical information arising from the meetings and discussions can be considered confidential. It is the responsibility of each person to contribute or withhold information according to the authorization delegated to him by his company or institution. The statements and opinions expressed by a contributor should not be construed as an official action or opinion of the Society of Petrophysicists and Well Log Analysts, Inc.


ARTICLE IX - AMENDMENTS

Amendments to these by-laws must be approved by the Board of Directors of the SPWLA . Amendments to these by-laws may be proposed by a committee appointed by the President of the Chapter or by the Executive committee, or by petition in writing by ten members of the Chapter. All such amendments must be submitted by mail to all Chapter members in good standing for approval by vote. A two-thirds majority of the votes cast shall be required for submission of the amendment to the SPWLA Board of Directors. Any proposed amendment obtaining a two-thirds majority vote will be sent by the Chapter President to the assigned Regional Director for SPWLA Board of Directors approval, with a letter of petition explaining the need for the amendment.



   By-laws for the Formation Evaluation Society of Kuwait A Chapter of SPWLA


PREAMBLE

The name of this organization is Formation Evaluation Society of Kuwait (FESK) and the permanent mailing address is:
Schlumberger,
Plot 67 ,
Street 349 ,
Kuwait City,
East Ahmadi

The purpose of the (FESK) , a Chapter of the SOCIETY OF PETROPHYSICISTS and WELL LOG ANALYSTS is, in general, the same as stated in Article IV of the SPWLA Amended Articles of Incorporation, and specifically to advance the science of formation evaluation. The (name) is responsible to, and subject to, the Amended Articles and by-laws of the parent SPWLA. In keeping with this declaration, and to guide and regulate the (name) , the following by-laws stand approved and adopted:



ARTICLE I - OFFICERS AND DUTIES

Officers of the Chapter are: President, First Vice President , Secretary and Treasurer . The President and First Vice President must be members of the parent SPWLA .

Section 1
The President shall:

  • Preside at all meetings of the Chapter.
  • Appoint all temporary committees and chairpersons.
  • Perform duties which pertain to the direction of the Chapter.
  • Call special elections.
  • Maintain communication with the parent SPWLA through the assigned Regional Director for the Chapter, and by a formal report (on standard form) within 30 days after each Chapter meeting.
  • Forward a list of officers elected for the next term to the SPWLA business office before the Annual Business Meeting, which is held at the annual SPWLA Symposium.
  • Encourage membership in both the Chapter and the parent SPWLA.
  • Entertain the idea to submit a bid proposal for the purpose of hosting an annual SPWLA Symposium. Formal bids should be presented to the Board of Directors of the SPWLA during the fourth quarter of the calendar year.

Section 2
The First Vice President shall:

  • Be responsible for the technical programs of the Chapter .
  • Preside at Chapter meetings in the absence of the President.
  • Encourage membership in the Chapter and in the parent SPWLA.
  • Encourage participation in technical activities, such as making presentations at Chapter meetings, submitting abstracts to the SPWLA Technological Committee for possible presentation of a paper at the annual SPWLA Symposium, and submitting papers to Petrophysics.
  • Arrange for the meeting place of the Chapter.

Section 3
The Secretary shall:

  • Maintain an up-to-date membership list of the Chapter, including name, member status and address.
  • Preside at Chapter meetings in the absence of both the President and First Vice President/
  • Give written notice of meetings to eligible members.
  • Prepare and keep the minutes of regular and special meetings of the Chapter. Transmit a brief summary of regular meetings to the SPWLA business office for publication in Petrophysics.
  • Provide for maintenance of the Chapter Web Page, if applicable.

Section 4
The Treasurer shall:

  • Collect all dues and other obligations to the Chapter.
  • Make disbursements and transact other financial business authorized by the Chapter.
  • Make a financial report at the close of the Chapter year and at other times upon request of the President.
  • Keep the SPWLA business office informed of the Chapters financial status using standard form from business office.
  • Keep ongoing orderly financial records for the Chapter.

Section 5
All officers shall familiarize themselves with these by-laws upon taking office, and shall adhere to them in conducting Chapter business.


ARTICLE II - TERM OF OFFICE

The term of office for all officers shall be one year. The term shall begin the first day following the Annual Business Meeting of the Parent SPWLA and end at the close of the next Annual Business Meeting .


ARTICLE III - MEETINGS

Section 1
Chapter meetings shall be held monthly from September through May at a time and place designated by the First Vice President .
Section 2
The President may call special meetings at other times.


ARTICLE IV - MEMBERSHIP

Section 1
Any person with an interest in the study of well logging and formation evaluation shall be eligible to become a member of the Chapter, and should be encouraged to become a member of the parent SPWLA.
Section 2
Membership shall be established upon payment of dues.
Section 3
Members of the Chapter who are not members of the SPWLA shall be known as Affiliate Members. They shall be qualified to vote in the Chapter and to hold any Chapter offices except President and First Vice President . a. Membership classes shall be identical with those of the parent SPWLA, as enumerated in Article V, Section 2 of the Amended Articles of Incorporation of the Society of Petrophysicists and Well Log Analysts, Inc. The qualifications rights and obligations of each class of membership shall be identical with those of the corresponding class of membership set forth in the Articles of Incorporation of the Society of Petrophysicists and Well Log Analysts, Inc.


ARTICLE V - ELECTION OF OFFICERS

Section 1
Election of officers is held by mail after the March Chapter meeting .
Section 2
A written notice containing the slate of nominees as provided by a Nominating Committee shall be mailed to all chapter members not later than five (5) days prior to the date of the election. Additional nominations of any qualified candidate can be made provided that the nominator has prior consent of the candidate .
Section 3
Elections shall be by secret ballot. Each member in good standing shall be allowed one vote for each office. The candidate receiving a majority of votes shall be elected to each office. In the case of three or more candidates for one office, the candidate receiving a plurality shall be elected to that office.
Section 4
If the office of President is vacated for any reason, the First Vice President shall succeed to the office of President; the Executive Committee (see Article VII, Section 1) shall then appoint a First Vice President from the qualified membership to serve the balance of the term. If any other office is vacated, the Executive Committee shall appoint a qualified member to that office for the remainder of the term.


ARTICLE VI - DUES AND FEES

Section 1
Dues and/or membership fees may be levied by recommendation of the Executive Committee and as approved by a majority vote of the qualified membership of the Chapter. Dues shall become delinquent two months after being approved, and members in arrears shall be classified as "not in good standing."
Section 2
Should the Chapter be dissolved for any reason, any remaining funds and assets will be donated to the SPWLA Foundation to be used for educational purposes.


ARTICLE VII - COMMITTEES

Section 1
The Executive Committee shall consist of all current officers, as specified in Article 1, and the Immediate Past President of the Chapter. This committee shall conduct whatever business of the Chapter the President deems necessary.
Section 2
Temporary committees may be appointed by the President to act on Chapter business. The tenure of any temporary committee may be specified by the President, but in all cases temporary committees will automatically be dissolved at the end of the term of office of the Chapter Officers.
Section 3
The Nominating Committee shall be appointed by the President at least one month (30 days) prior to the Chapter deadline for issuing an election ballot (see Article V above). The committee shall consist of at least three (3) members in good standing of the Chapter. The purpose of this committee is to nominate at least two (2) qualified members for each office of the Chapter. The tenure of this committee shall terminate with the presentation of the ballot.
Section 4
Permanent committees may be established by a majority vote of the members present at any Chapter meeting as defined in Article III above. Members of permanent committees shall be appointed annually by the President.


ARTICLE VIII - SECURITY OF INFORMATION

None of the technical information arising from the meetings and discussions can be considered confidential. It is the responsibility of each person to contribute or withhold information according to the authorization delegated to him by his company or institution. The statements and opinions expressed by a contributor should not be construed as an official action or opinion of the Society of Petrophysicists and Well Log Analysts, Inc.


ARTICLE IX – AMENDMENTS

Amendments to these by-laws must be approved by the Board of Directors of the SPWLA . Amendments to these by-laws may be proposed by a committee appointed by the President of the Chapter or by the Executive committee, or by petition in writing by ten members of the Chapter. All such amendments must be submitted by mail to all Chapter members in good standing for approval by vote. A two-thirds majority of the votes cast shall be required for submission of the amendment to the SPWLA Board of Directors. Any proposed amendment obtaining a two-thirds majority vote will be sent by the Chapter President to the assigned Regional Director for SPWLA Board of Directors approval, with a letter of petition explaining the need for the amendment.


Kuwait The Country

OFFICIAL NAME:

State of Kuwait

Geography

Area: 17,820 sq. km. (6,880 sq. mi.); approximately the size of the State of New Jersey.
Cities: Capital--Kuwait City.
Terrain: Almost entirely flat desert plain (highest elevation point--306 m).
Climate: Summers are intensely hot and dry with average highs ranging from 42o-49oC (108o-120oF); winters are short (Dec.-Feb.) and cool, averaging 10o-30oC (50o-80oF), with limited rain.


   People

Nationality: Noun and adjective--Kuwaiti(s).
Population (June 2008 est.): 3,399,637 including approximately 1.05 million Kuwaiti citizens and 2.34 million non-Kuwaiti nationals.

Government: Constitutional hereditary emirate
Emir: Sabah Al-Ahmad Al-Jaber Al-Sabah
Prime Minister: Nasser Mohammed Al-Ahmed Al-Sabah

Currency: Kuwaiti Dinars (KD)

Annual growth rate (2008 est.): 3.591%.
Ethnic groups: Kuwaiti 45%, other Arab 35%, South Asian 9%, Iranian 4%, other 7%.
Religion: Muslim estimated 85% (Sunni 70%, Shi'a 30% among Kuwaitis), with sizable Hindu, Christian, Buddhist, and Sikh communities.
Languages: Arabic (official), English is widely spoken.
Education: Compulsory from ages 6-14; free at all levels for Kuwaitis, including higher education. Adult literacy (age 15 and over)--93.3% for the total population (male 94.4%, female 91%) (2005 census).
Health: Infant mortality rate (2008 est.)--9.22 deaths/1,000 live births. Life expectancy (2008 est.)--76.38 yrs. male, 78.73 yrs. female.
Work force (2007 est.): 2.093 million (76% male; 24% female; 20% Kuwaiti citizens).


   History

Archaeological finds on Failaka, the largest of Kuwait's nine islands, suggest that Failaka was a trading post at the time of the ancient Sumerians. Failaka appears to have continued to serve as a market for approximately 2,000 years, and was known to the ancient Greeks. Despite its long history as a market and sanctuary for traders, Failaka appears to have been abandoned as a permanent settlement in the 1st century A.D. Kuwait's modern history began in the 18th century with the founding of the city of Kuwait by the Uteiba, a subsection of the Anaiza tribe, who are believed to have traveled north from Qatar.

Threatened in the 19th century by the Ottoman Turks and various powerful Arabian Peninsula groups, Kuwait sought the same treaty relationship Britain had already signed with the Trucial States (UAE) and Bahrain. In January 1899, the ruler Sheikh Mubarak Al Sabah--"the Great"--signed an agreement with the British Government that pledged himself and his successors neither to cede any territory, nor to receive agents or representatives of any foreign power without the British Government's consent, in exchange for protection and an annual subsidy. When Mubarak died in 1915, the population of Kuwait of about 35,000 was heavily dependent on shipbuilding (using wood imported from India) and pearl diving.

Mubarak was succeeded as ruler by his sons Jabir (1915-17) and Salem (1917-21). Kuwait's subsequent rulers have descended from these two brothers. Sheikh Ahmed al-Jabir Al Sabah ruled Kuwait from 1921 until his death in 1950, a period in which oil was discovered and in which the government attempted to establish the first internationally recognized boundaries; the 1922 Treaty of Uqair set Kuwait's border with Saudi Arabia and also established the Kuwait-Saudi Arabia Neutral Zone, an area of about 5,180 sq. km. (2,000 sq. mi.) adjoining Kuwait's southern border.

Kuwait achieved independence from the British under Sheikh Ahmed's successor, Sheikh Abdullah al-Salem Al Sabah. By early 1961, the British had already withdrawn their special court system, which handled the cases of foreigners resident in Kuwait, and the Kuwaiti Government began to exercise legal jurisdiction under new laws drawn up by an Egyptian jurist. On June 19, 1961, Kuwait became fully independent following an exchange of notes with the United Kingdom.

Kuwait enjoyed an unprecedented period of prosperity under Amir Sabah al-Salem Al Sabah, who died in 1977 after ruling for 12 years. Under his rule, Kuwait and Saudi Arabia signed an agreement dividing the Neutral Zone (now called the Divided Zone) and demarcating a new international boundary. Both countries share equally the Divided Zone's petroleum, onshore and offshore. The country was transformed into a highly developed welfare state with a free market economy.

In August 1990, Iraq attacked and invaded Kuwait. Kuwait's northern border with Iraq dates from an agreement reached with Turkey in 1913. Iraq accepted this claim in 1932 upon its independence from Turkey. However, following Kuwait's independence in 1961, Iraq claimed Kuwait, arguing that Kuwait had been part of the Ottoman Empire subject to Iraqi suzerainty. In 1963, Iraq reaffirmed its acceptance of Kuwaiti sovereignty and the boundary it agreed to in 1913 and 1932, in the "Agreed Minutes between the State of Kuwait and the Republic of Iraq Regarding the Restoration of Friendly Relations, Recognition, and Related Matters."

Following several weeks of aerial bombardment, a UN-mandated coalition led by the United States began a ground assault in February 1991 that liberated Kuwait. During the 7-month occupation by Iraq, the Amir, the Government of Kuwait, and many Kuwaitis took refuge in Saudi Arabia and other nations. The Amir and the government successfully managed Kuwaiti affairs from Saudi Arabia, London, and elsewhere during the period, relying on substantial Kuwaiti investments available outside Kuwait for funding and war-related expenses.

Following liberation, the UN, under Security Council Resolution 687, demarcated the Iraq-Kuwait boundary on the basis of the 1932 and the 1963 agreements between the two states. In November 1994, Iraq formally accepted the UN-demarcated border with Kuwait, which had been further spelled out in UN Security Council Resolutions 773 and 883.


    Oil

In 1934, the ruler of Kuwait granted an oil concession to the Kuwait Oil Company (KOC), jointly owned by the British Petroleum Company and Gulf Oil Corporation. In 1976, the Kuwaiti Government nationalized KOC. The following year, Kuwait took over part of onshore production in the Divided Zone between Kuwait and Saudi Arabia. Kuwait Gulf Oil Company (KGOC) produces jointly there with Saudi Arabian Chevron, which, by its 1984 purchase of Getty Oil Company, acquired the Saudi Arabian onshore concession in the Divided Zone. Saudi Arabia renewed Chevron's concession in the Divided Zone for another 30 years effective from February 2009. KGOC also manages offshore production operations, while Aramco Gulf Oil Company (AGOC) manages the Saudi portion of the offshore Divided Zone.

Kuwait Petroleum Corporation (KPC), an integrated, state-owned oil company, is the parent company of the government's operating companies in the petroleum sector, and includes Kuwait Oil Company, which produces oil and gas; Kuwait National Petroleum Company, which manages refining and domestic sales; Petrochemical Industries Company, which produces ammonia, urea, ethylene, propylene, and styrene and participates in a number of successful joint ventures with Dow Chemical within Kuwait and abroad; Kuwait Foreign Petroleum Exploration Company, which is responsible for exploration and upstream production outside Kuwait (in several developing countries and Australia); Kuwait Oil Tanker Company.; Kuwait Gulf Oil Company, responsible for exploration and production in the Kuwait portions of the offshore and onshore Divided Zone; and Kuwait Petroleum International, which manages refining and retail operations outside Kuwait (in Europe and East Asia).

According to official Organization of Petroleum Exporting Countries (OPEC) figures, Kuwait has approximately 101.5 billion barrels of proven oil reserves, including the Kuwaiti share of proven reserves in the Divided Zone, the fifth-largest oil reserves in the world after Saudi Arabia, Canada, Iran, and Iraq. Kuwait recently began limited production from a 35 trillion cubic feet natural gas field discovered in 2006. By 1993 Kuwait had restored its production capacity to its pre-occupation levels of 2.4 million bpd. Kuwait's current oil production capacity is estimated to be 2.8 million bpd. Kuwait plans to increase its capacity to 3.5 million bpd by 2015 and 4.0 million bpd by 2020. Many analysts question whether these goals are feasible. Oil revenues comprise about 95% of exports and 95% of total government revenues. Kuwaiti export crude averaged about $66/barrel in 2007.

KPC purchased from Gulf Oil Co. refineries in the Netherlands and Italy and service stations in the Benelux nations, Italy, and Scandinavia. In 1987, KPC bought a 19% share in British Petroleum, which was later reduced to 10%. KPC markets its products in Europe under the brand name Q8. In 2006, KPC announced plans to participate in a joint venture to build and operate a refinery and associated petrochemical plant in China. In April 2008, KPC signed a joint venture agreement with Idemitsu Kosan - Japan to hold a 35.1% stake, worth $6 billion, of Vietnam's second refinery.

On May 12, 2008, KPC awarded a $14 billion project to construct a fourth refinery to several international firms. The project would increase refining capacity from the current 930,000 barrels/day to 1.5 million barrels/day by 2012. As of January 2009, the project was stalled in the face of parliamentary opposition.