2040-strategy

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2040 Strategy

Upstream Mission

KOC aims to optimize the value of Kuwait’s hydrocarbon resources through exploration, development, and production to ensure sustainability.

2040 Upstream Vision

KOC endeavors to remain an upstream leader recognized globally for excellence.

2040 Upstream Values

Innovation
Developing and embracing new ideas, methods, and approaches to solve challenges in order to create value.

Excellence
Encouraging high performance, continuous improvement, and a customer focus.

Caring for People
Creating a culture where people develop and grow, and are positively motivated to contribute to the success of others.

Pride
Creating employee satisfaction on an individual level and promoting a sense of loyalty and belonging to Kuwait Oil Company.

One Team
Caring for the interests of Kuwait Oil Company and ensuring alignment to achieve corporate and State goals.

Partnership
Building and sustaining relationships that support growth and enhance operational excellence.

Integrity
Acting in a trustworthy manner with the highest standards of ethics, respect, and honesty.

Commitment to HSSE
Respecting the environment and ensuring safety, security, and the promotion of a healthy workplace wherever Kuwait Oil Company operates.

Upstream Strategic Objectives

Achieve world-class operational excellence to maximize upstream profitability.
Optimize Portfolio Management.
Optimize financial resources in order to achieve the 2040 Strategy and maximize returns for each type of hydrocarbon.
Achieve sustainable crude oil production capacity.
Ensure current and future demands are met by achieving sustainable crude oil production capacity in the State of Kuwait, including production from the Partitioned Zone.
Achieve sustainable non-associated gas production.

About Kuwait Oil Company

Kuwait Oil Company has the important and privileged responsibility of providing energy to the world. Since 1934, our mission has been to explore, develop and produce Kuwait’s hydrocarbon resources. However, our job doesn’t just stop there. At KOC, we believe we can produce Kuwait’s most important resource in a way that is both economically viable and environmentally sound.