East West Petroleum, Kuwait Energy to Collaborate

Canada’s East West Petroleum will use its unconventional oil and gas technology services on Kuwait Energy’s concessions in the Middle East, North Africa and Eurasia regions under a new agreement.

Through East West’s technological resources, Kuwait Energy will identify unconventional and conventional reservoir targets such as shale gas, shale oil and tight gas sands for future development.

The technologies will add new unconventional reservoir production, enhance production rates and total petroleum recovery from existing conventional producing intervals.

Technical studies will include comprehensive rock and formation analyses, drilling design and modern reservoir fracturing applications for select unconventional and conventional reservoirs.

The agreement covers a total of 13 exploration and production licences across four countries in which Kuwait Energy holds exploration and production participation interests.

Total gross acreage covered under the agreement is over 21,000km².

East West will also have the exclusive right to negotiate the acquisition of equity-sharing arrangements in the acreage.