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Kuwait Oil Company is in talks with US companies including Devon Energy and EOG about cooperation to develop its shale oil and gas resources, its CEO said on Thursday.
KOC is “engaging with some US operators”, Ahmad Al-Eidan said on the sidelines of the Kuwait Oil & Gas Show.
This would be the first time Kuwait has sought to develop its shale oil and shale gas resources, facilitated by significant technological advances and lower costs.
“We have invited several companies to participate and assist us in evaluating and…
