Currently, Kuwait's production capacity is 2.9 million barrels per day
Sealmatic India Limited has achieved a significant milestone with the recent approval from the Kuwait Petroleum Company (KPC), a mother company to various subsidiaries such as KIPIC, KPI, KUFPEC, KGOC, KOC, KNPC, PIC, KOTC etc.
This certification validates Sealmatic's commitment to innovation, quality and reliability in the global oil & gas industry. Sealmatic is set to play a pivotal role in supporting KPC and Kuwait's ambitious energy goals.
Currently, Kuwait's production capacity is 2.9 million barrels per day and is expected to reach 3.2 million barrels per day by 2026. KPC and its subsidiaries, including KOC, are spearheading several mega projects in the country.
According to KPC CEO Shaikh Nawaf S. Al-Sabah, KPC subsidiary Kuwait Oil Company (KOC) plans to raise oil production capacity to 3.65 million barrels per day by 2035 under the new strategy, which will result in a rise in state revenue of nearly US$ 11 billion over the following five years. About 90% of Kuwait's oil production comes from KOC, which also intends to attain a daily gas production capacity of 1.5 trillion cubic feet by 2040.
The approval from KPC opens new opportunities for Sealmatic in Kuwait, a country where the mechanical seal market is valued at approximately US$ 70 million.
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