Kuwait Foreign Petroleum Exploration Co. (KUFPEC) Company News

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Headwinds Remain for Malaysia's Natural Gas Ambitions
Malaysia aims to consume more natural gas domestically and increase its LNG exports.
8:00 PM EST | March 14, 2021
Exxon North Sea Retreat Could Yield Gain for Sinopec
China Petroleum & Chemical Corp. (Sinopec), Kuwait Foreign Petroleum Exploration Co. and EnQuest Plc reportedly are bidders for the North Sea assets.
8:00 PM EST | September 21, 2020
Offshore Norway Fields to Get Power from Shore
This photo shows the Sleipner platform in the Norwegian North Sea. Photo by Øyvind Gravås and Bo B. Randulff. PHOTO SOURCE: Equinor
8:00 PM EST | June 09, 2020
Shell Cancels Sale Of Thai Gas Field Stakes To Kuwait's KUFPEC
Shell says it has canceled a $900MM deal to sell its gas field stakes in Thailand to KUFPEC.
8:00 PM EST | October 03, 2017
PETRONAS Awards SK410B PSC Offshore Malaysia to PTTEP-led JV
PETRONAS awards the SK410B Production Sharing Contract offshore Malaysia to a joint venture comprising Thailand's PTTEP, KUFPEC and PETRONAS Cargali.
8:00 PM EST | July 21, 2016
Chevron Signs Up Australia's Alinta To Buy Gas From Wheatstone
Chevron agrees to sell 20 petajoules a year of gas from its Wheatstone project to Alinta Energy in Western Australia starting in 2020, securing a customer for more than a quarter of the domestic gas output from Wheatstone.
8:00 PM EST | April 18, 2016
Lion Energy Upgrades Proven Reserves in Indonesia's Seram (Non-Bula) PSC
Lion Energy upgrades proven oil reserves in Seram (Non-Bula) Production Sharing Contract in eastern Indonesia by 28 percent.
7:00 PM EST | February 29, 2016
Edison Looks to Sell Part of Egypt's Abu Qir Field
Italy's No.2 energy company, Edison, is looking to sell part of its Abu Qir field in Egypt and has opened the books to prospective buyers, including Kuwait's KUFPEC, according to sources.
7:00 PM EST | January 13, 2016
CITIC Drills Oseil-28 Development Well in Seram (Non-Bula) PSC in Indonesia
CITIC commences drilling at the Oseil-22 development well in Seram (Non-Bula) Production Sharing Contract in eastern Indonesia.
7:00 PM EST | November 23, 2015
Resource Estimates Point to Significant Find at Lofin Field in Indonesia
Lion Energy says the contingent resource estimates confirm a significant gas/condensate find in the Seram Non-Bula Production Sharing Contract in eastern Indonesia.
8:00 PM EST | October 07, 2015
CITIC Commences Oil Production at Oseil-28 Well in Seram (Non-Bula) PSC
CITIC brings online the Oseil-28 development well, increasing oil production from the Seram (Non-Bula) production sharing contract in eastern Indonesia.
8:00 PM EST | September 13, 2015
Citic Suspends Lofin-2 Well in Seram PSC as a Potential Gas Producer
Citic suspends Lofin-2 appraisal well in Seram (Non-Bula) Production Sharing Contract in eastern Indonesia as a potential gas producer.
8:00 PM EST | July 20, 2015
Lion Confirms Major Gas Potential at Seram (Non-Bula) PSC in Indonesia
Lion Energy says test results at Lofin-2 well in Seram (Non-Bula) production sharing contract in eastern Indonesia confirm significant gas potential in the block.
8:00 PM EST | May 27, 2015
CITIC to Proceed with Oseil Field Development in Seram (Non-Bula) PSC
CITIC Seram Energy says Phase 3 of the Oseil field development in Seram (Non-Bula) Production Sharing Contract in eastern Indonesia has been approved by the Indonesian government.
8:00 PM EST | May 17, 2015
Lion Energy Finds Postive Oil, Gas Shows at Lofin-2 Well in Seram PSC
Lion Energy finds encouraging oil and gas shows at Lofin-2 appraisal well in Seram (Non-Bula) Production Sharing Contract in eastern Indonesia.
8:00 PM EST | May 14, 2015
Citic Continues Drilling at Lofin-2 Appraisal Well in Indonesia's Seram PSC
Citic continues drilling at Lofin-2 appraisal well in Seram (Non-Bula) production sharing contract in eastern Indonesia.
8:00 PM EST | April 14, 2015
Lion Reports Significant Gas Shows at Lofin-2 Well in Indonesia's Seram PSC
Lion Energy says CITIC finds significant gas shows at Lofin-2 appraisal well in the Seram (Non-Bula) Production Sharing Contract in eastern Indonesia.
8:00 PM EST | March 25, 2015
Lion Energy Continues Drilling at Lofin-2 Well in Seram PSC in Indonesia
Lion Energy continues with drilling operations at the Lofin-2 appraisal well in Seram (Non-Bula) Production Sharing Contract in eastern Indonesia.
8:00 PM EST | March 16, 2015
KUFPEC Inks Exploration Agreement for Pakistan's Paharpur Block
KUFPEC signs exploration agreement with the Pakistani Ministry of Petroleum and Natural Resources for the Paharpur Block in Pakistan.
8:00 PM EST | March 15, 2015
Pelikan Field Starts Production Offshore Indonesia
Premier Oil starts up production from the Pelikan field offshore Indonesia.
8:00 PM EST | March 09, 2015
CNOOC, KUFPEC Ink PSCs for 3 Offshore Blocks in South China Sea
CNOOC inks production sharing contracts for three offshore blocks in the South China Sea with Kuwait's KUFPEC.
7:00 PM EST | December 10, 2014
Chevron Sells 30% In Canadian Shale Assets For $1.5B
Chevron says it would sell a 30% stake in its Duvernay shale properties in Canada to Kuwait Foreign Petroleum Exploration Co. for $1.5 billion.
8:00 PM EST | October 05, 2014
KUFPEC Boosts Stake in Wheatstone LNG via Shell Deal
Royal Dutch Shell agrees to sell its 6.4-percent stake in Wheatstone LNG to Kuwait Foreign Petroleum Exploration Company.
7:00 PM EST | January 19, 2014
Premier Oil Boosts Stake in Bream Field
Premier boosts stake in Bream field, offshore Norway, while reducing its interest in the nearby Mackerel discovery.
8:00 PM EST | July 10, 2013
South Sudan Offers Total Oil Block to Exxon, Kuwait Petroleum
ExxonMobil and Kufpec have "agreed in principal" to take over part of a giant oil block long held by Total, according to a top official in South Sudan's national oil company.
8:00 PM EST | September 13, 2012
Australia Grants Seven New Offshore Exploration Permits
Australia grants seven new petroleum exploration permits worth around $290 million in the the Northern Territory and Western Australia.
8:00 PM EST | September 12, 2012
EnQuest Farms Out Alma/Galia Stake
EnQuest will farm out a 35% interest in EnQuest's Alma and Galia oil field developments to Kuwait Foreign Petroleum Exploration Company.
8:00 PM EST | May 28, 2012
Premier Begins Gas Flow at Gajah Baru Offshore Indonesia
Premier announced the start of gas production from the Gajah Baru field in the Natuna Sea Block A in Indonesia.
8:00 PM EST | October 23, 2011
AWE Updates Al Meashar-2 Drilling Progress
AWE Limited updated the drilling program on the Al Meashar-2 appraisal well in Block 7,Yemen.
7:00 PM EST | December 15, 2010
Apache, KUFPEC Sign Wheatstone LNG Purchase Agreement
Subsidiaries of Apache and KUFPEC have signed a HoA with KOGAS for the delivery of LNG from the Chevron-operated Wheatstone LNG project.
8:00 PM EST | July 18, 2010
Woodside Suffers Setback in Hunt for Pluto 2 Gas
Woodside Petroleum has suffered a significant setback to its efforts to secure gas supply for the expansion of its Pluto project, with two potential suppliers opting to funnel gas to a Chevron instead.
8:00 PM EST | October 22, 2009
Apache, KUFPEC Join Chevron's Wheatstone LNG Project
Subsidiaries of Apache and KUFPEC are joining Chevron to develop the Wheatstone LNG hub in Western Australia, and will provide natural gas from their Julimar and Brunello fields.
8:00 PM EST | October 21, 2009
Eni Fires Up Gas Production in Mediterranean Sea
Eni started up gas production from the North Bardawil field offshore Egypt in the Mediterranean Sea.
8:00 PM EST | August 24, 2009
Woodside Clarifies on Discussions with Apache for Pluto LNG 2
Woodside clarifies on reports that Apache "now expects to sell gas from its Julimar prospect exclusively to Woodside's Pluto Phase II LNG facility."
8:00 PM EST | May 20, 2009
Total Prepares to Start Drilling in Sudan Despite Regional Conflict
Total wants to start drilling in southern Sudan as it seeks to boost output from Africa's sixth-largest producer despite international pressure on the country's government.
8:00 PM EST | April 08, 2009
Apache Spuds Linda North-1 Appraisal Well in Carnarvon Basin
The Linda North-1 appraisal well was spudded on January 19, 2009 in exploration permit TL/1, and is currently drilling to a total depth of 2,640 meters.
7:00 PM EST | January 19, 2009
RWE Dea Reports on Hydrocarbon Discovery at West Mediterranean Block 1
RWE Dea has announced a discovery of gas and oil in the West Mediterranean Block 1 concession in Egypt.
7:00 PM EST | December 17, 2008
Harriet JV Recommences Gas Production at Varanus Island
The Varanus Island Repair Project has reached a critical milestone with the recommencement of gas sales to the domestic market and associated condensate production.
7:00 PM EST | December 11, 2008
Fletcher-3 Spudded and Drilling Ahead in Australia's Dampier Sub-Basin
The Fletcher-3 exploration/appraisal well was spudded on Dec. 6, 2008 and is currently drilling ahead. If successful, the well will be tied-back subsea to the Mutineer-Exeter FPSO.
7:00 PM EST | December 08, 2008
Harriet JV Spuds New Well on Bambra O&G Field
Bambra-9 was spudded on Sunday, November 16, 2008, and is currently drilling ahead at a depth of 750 meters measured depth.
7:00 PM EST | November 16, 2008
Harriet JV Resumes Oil Production after Varanus Island Incident
Oil production has re-commenced at the Harriet Joint Venture from two wells at a combined rate of approximately 2,500 BOPD gross.
8:00 PM EST | October 20, 2008
Harriet JV All Wet at Marley-2
Joint venture partners Tap, Apache Northwest, and Kufpect Australia have come up empty-handed at Australia's Marley-2 well, but indicators suggest the presence of hydrocarbons elsewhere in the Harriet Joint Venture of which Marley-2 is a part.
8:00 PM EST | July 08, 2008
Marley-2 Drilling Ahead
Tap Oil reports that the Marley-2 exploration well is over half way to reaching total depth. This high impact well has the potential to more than double Tap's reserves.
8:00 PM EST | May 15, 2008
Harriet JV Spuds Marley-2
The Harriet Joint Venture reports that the Marley-2 exploration has been spud. Marley-2 is a vertical exploration well designed to test the Jurassic sandstones that were not reached by the Marley-1 well.
8:00 PM EST | April 22, 2008
Ivory Coast Grants 3 Offshore Oil Exploration Permits
Ivory Coast has granted exploration permits for its deep water block CI-102 to three foreign companies, the state-owned Fraternite Matin newspaper reported Wednesday.
7:00 PM EST | December 11, 2007
Premier Signs Indonesian Gas Sales Agreements
Premier Oil signed agreements for the sale of gas from the Natuna Sea Block A and North Sumatra Block A in Indonesia.
7:00 PM EST | December 10, 2007
Strike Three for Apache Offshore Australia
Apache reports that its Brunello-1 discovery in the Carnarvon Basin on Australia's Northwest Shelf flowed 72.5 million cubic feet (MMcf) of gas and 1,230 barrels of condensate per day in a test of a single zone.
8:00 PM EST | September 09, 2007
Premier Oil Expanding Pakistan Oil and Gas E&P
U.K.-based Premier Oil plans to expand its oil and gas production activity in Pakistan while it concludes a demerger agreement with Kuwait Foreign Petroleum Co.
8:00 PM EST | September 05, 2007
KUFPEC Acquires One-quarter Stake in Pangkah
KUFPEC has completed its US$330-million acquisition of ConocoPhillips (Pangkah) Ltd ("CPPL"), a wholly owned subsidiary of ConocoPhillips, the Kuwait News Agency (KUNA) reported.
8:00 PM EST | August 27, 2007
Positive News for Fletcher-1
Tap Oil announced today that the total depth for the exploration well Fletcher-1 has been reached and preliminary tests show positive presence of hydrocarbons.
8:00 PM EST | August 14, 2007