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Kufpec’s subsidiary Kufpec Norway has reached agreement to acquire a 15% interest in the Gina Krog field in the North Sea off Norway from Total for a consideration of $317 million with effective date of January 1, 2017. Kufpec said on Wednesday that, at closing, it will add approximately 34 MMboe in net reserves and […]
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Premier Oil has announced that, in conjunction with KUFPEC Norway AS (KUFPEC), it has agreed to acquire a 40 per cent interest in PL407 from BG Norge AS (BG). PL407 contains the Bream field and is on the Norwegian Continental Shelf. KUFPEC will acquire a 30 per cent interest while Premier will increase its existing […]
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EnQuest PLC has entered into an agreement with the Kuwait Foreign Petroleum Exploration Company (‘KUFPEC’), by which EnQuest will farm out a 35% interest in EnQuest’s Alma and Galia oil field developments (‘Alma/Galia’) to KUFPEC. Under the agreement, which is subject to regulatory approvals, KUFPEC is to invest a total of approximately US$500m in cash […]
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Otto Energy Limited on behalf of the Galoc Joint Venture Partners in the Philippines, announces that Kuwait Foreign Petroleum Exploration Company (“KUFPEC”) has become a partner in the Galoc joint venture. The Galoc field is located in Service Contract SC14-C (Galoc Sub Block) in 290m of water approximately 65km North West of Palawan Island and 350km south of […]
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Malaysia’s Petronas has awarded a Production Sharing Contract (PSC) to Thai PTTEP, Kuwait’s KUFPEC, and Malaysia’s Petronas Carigali Sdn Bhd for the exploration Block SK410B. The PSC was signed at Petronas Twin Towers, in the presence of the President and CEO of Petronas, Zulkiflee Wan Ariffin. Petronas was represented by its Executive Vice President Upstream, Mohd Anuar Taib, PTTEP by its President […]
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Apache Corporation said a subsidiary has received Australian government environmental approval for development of the Julimar and Brunello offshore natural gas fields that will supply natural gas to the Chevron-operated Wheatstone LNG project. The Julimar and Brunello gas fields, discovered by Apache and Kuwait Foreign Petroleum Exploration Co. (KUFPEC) in 2007, are located offshore in […]
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Oil giant Shell has reached an agreement with Kuwait’s KUFPEC for the sale of a 22.222 percent equity stake in the Bongkot field and adjoining acreage offshore Thailand. Apart from the stake in the Bongkot field, the sale worth $900 million includes Shell’s equity stake held in Blocks 15, 16 and 17 and Block G12/48. Shell’s partners […]
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Apache Corporation today announced that a subsidiary has signed an agreement with a Chevron Corp. subsidiary and Tokyo Electric Power Company (TEPCO) regarding sales of liquefied natural gas (LNG) from the Chevron-operated Wheatstone project in Western Australia. Apache Julimar Pty Ltd, an Apache subsidiary; KUFPEC Australia (Julimar) Pty Ltd, which is a subsidiary of Kuwait […]
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Shell will not be selling its Thai assets to Kuwait’s KUFPEC, as the two companies have mutually agreed to cancel the previously agreed deal. The Anglo/Dutch oil giant on Wednesday said that its subsidiary, BG Asia Pacific, and KUFPEC Thailand , a subsidiary of Kuwait Foreign Petroleum Exploration Company (KUFPEC), had mutually agreed to cancel the […]
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Apache Corporation said a subsidiary has received Australian government environmental approval for development of the Julimar and Brunello offshore natural gas fields that will supply natural gas to the Chevron-operated Wheatstone LNG project. Development of the Julimar and Brunello natural gas fields in the Carnarvon Basin, offshore Western Australia – two of Apache’s largest […]
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Kuwait Petroleum Corporation has through its subsidiary KUFPEC (China) Inc. recently completed the transaction to acquire an additional 15.3% interest in the Yacheng 13-1 natural gas field in the South China Sea from BP for approximately US$137.4 million. The Yacheng 13-1 natural gas field was discovered in 1983 and is the largest offshore natural gas […]
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PT Pertamina (Persero) and Kuwait Foreign Petroleum Exploration Company (KUFPEC) signed MOU to explore business cooperation opportunity for global upstream oil and gas business and the possibility of forming joint venture at working regions of the two companies or other prospective regions that are of interest by both companies. The MOU signing was held at […]
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Royal Dutch Shell said on Monday it has agreed to sell its 8% equity interest in the Wheatstone-Iago Joint Venture and 6.4% interest in the 8.9 million tonnes per annum Wheatstone LNG project in Western Australia for a cash consideration of US$1,135 million to the Kuwait Foreign Petroleum Exploration Company (KUFPEC). Shell Chief Executive […]
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Royal Dutch Shell plc (“Shell”) today announced it has agreed to sell its 8% equity interest in the Wheatstone-Iago Joint Venture and 6.4% interest in the 8.9 million tonnes per annum Wheatstone liquefied natural gas (LNG) project in Western Australia for a cash consideration of US$1,135 million to the Kuwait Foreign Petroleum Exploration Company (KUFPEC), subject to closing. […]
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Premier Oil has awarded Sevan Marine a Front End Engineering and Design contract for the hull and marine systems for the Bream field FPSO.
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Business & Finance, Business developments & projects, Exploration & Production
PICO GoS Limited, a Cheiron Group company, has achieved the first oil production from its appraisal well GNN-4 in the Geisum Concession offshore Egypt.
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Kuwait Foreign Petroleum Exploration Co., or Kufpec, will increase exports of liquefied natural gas to Singapore from Indonesia by 30% by th… (morningstar) [mappress] Source: morningstar, April 5, 2011;
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Australia has awarded new offshore petroleum exploration permits following the cash bid auction for the 2018 Offshore Petroleum Exploration Acreage Release.
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The Kuwait Foreign Petroleum Exploration Company (Kufpec) expects D-Day in August for a final investment decision on its participation in a… (thenational) [mappress] Source: thenational, April 8, 2011;
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The Kuwait Foreign Petroleum Exploration Company (Kufpec) expects D-Day in August for a final investment decision on its participation in… Source: The National.ae [mappress] Source:The National, April 8, 2011;
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Chevro’s unit in Canada has reached an agreement to sell a 30 percent interest in its Duvernay shale play to KUFPEC Canada for $1.5 billion. The Duvernay is located in west-central Alberta, and is believed to be among the most promising shale opportunities in North America. The agreement creates a partnership for appraisal and development […]
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ShawCor said that its pipecoating division, Bredero Shaw, has received a contract from Apache in Australia with a value in excess of US$45 million to provide pipeline coatings and related products and services for the Julimar Development Project. The Apache-operated Julimar Development Project is a joint venture between Apache (65%) and Kuwait Foreign Petroleum Exploration […]
