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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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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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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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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 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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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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BP announced that it has agreed the sale of its 34.3 per cent interest in the Yacheng gas field in the South China Sea to Kuwait Foreign Petroleum Exploration Company (KUFPEC) for $308 million cash. Subject to regulatory, CNOOC and third party approvals, BP expects the deal to close in the second half of 2013. […]
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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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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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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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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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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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Business & Finance, Business developments & projects, Exploration & Production
An international consortium led by Total and EGAS have signed an exploration and production agreement a block located offshore Egypt
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Equipment, Infrastructure, Project & Tenders, Technology
Airborne Oil & Gas TCP technology has made inroads into the Western Australia oil and gas industry for the first time. With the contract, the Netherlands-based business will supply 2” 10,000 psi TCP jumpers to be used for Monoethylene Glycol (MEG) injection service. Delivery of the TCP jumpers should take place later this year, with […]
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DeepOcean has secured an EPCI contract for marine operations on Repsol’s tieback of Yme Beta North reservoir to existing facilities. The award to DeepOcean covers project management, engineering, construction and offshore installation activities. The offshore work includes marine operations for installation and tie-in of subsea spools, flying leads and also installation of subsea structures. Preparations […]
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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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Business & Finance, Business developments & projects, Exploration & Production, Project & Tenders
Equinor and its partners have made an investment decision to partly electrify the Sleipner field located offshore Norway.
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Premier Oil has achieved first gas from its operated Bison, Iguana and Gajah Puteri (BIG-P) project in the Natuna Sea Block A offshore Indonesia.
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Subsea 7 has confirmed a substantial contract award by Woodside for the execution of phase 2 of the Julimar-Brunello Project located offshore Australia.
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Business & Finance, Equipment, Operations & Maintenance, Project & Tenders
Subsea 7 has confirmed a contract by Woodside for the execution of phase 2 of the Julimar-Brunello Project. This contract was awarded to Subsea 7 earlier this year, subject to the final investment decision of the Julimar-Brunello joint venture participants (Woodside and KUFPEC), which has now occurred. The Julimar field is located approximately 200 km […]
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Norwegian oil and gas company Equinor has started production from the Utgard gas and condensate field, spanning the Norwegian-UK border in the North Sea.
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Spanish oil company Repsol has received consent from the offshore safety body, the Petroleum Safety Authority (PSA), to use the Rowan Viking jack-up rig on the Yme field offshore Norway.
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The Norwegian Petroleum Directorate has granted its consent to start-up of the Utgard field in the North Sea.
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Repsol, the operator of the Yme field, is moving forward with the project development with the Caisson Permanent Support structure installation at the field, located in the PL 316/316B on the Norwegian Continental Shelf. The structure is supporting the wellhead caisson to the existing subsea storage tank, OKEA, a partner in the development noted. The […]
