Kuwait Foreign Petroleum Exploration Co. (KUFPEC) Company News

Recent Articles

Results 50 articles shown

Headwinds Remain for Malaysia's Natural Gas Ambitions
Monday, March 15, 2021Malaysia aims to consume more natural gas domestically and increase its LNG exports.

Exxon North Sea Retreat Could Yield Gain for Sinopec
Tuesday, September 22, 2020China Petroleum & Chemical Corp. (Sinopec), Kuwait Foreign Petroleum Exploration Co. and EnQuest Plc reportedly are bidders for the North Sea assets.

Offshore Norway Fields to Get Power from Shore
Wednesday, June 10, 2020This photo shows the Sleipner platform in the Norwegian North Sea. Photo by Øyvind Gravås and Bo B. Randulff. PHOTO SOURCE: Equinor

Shell Cancels Sale Of Thai Gas Field Stakes To Kuwait's KUFPEC
Wednesday, October 04, 2017Shell says it has canceled a $900MM deal to sell its gas field stakes in Thailand to KUFPEC.

PETRONAS Awards SK410B PSC Offshore Malaysia to PTTEP-led JV
Friday, July 22, 2016PETRONAS awards the SK410B Production Sharing Contract offshore Malaysia to a joint venture comprising Thailand's PTTEP, KUFPEC and PETRONAS Cargali.

Chevron Signs Up Australia's Alinta To Buy Gas From Wheatstone
Tuesday, April 19, 2016Chevron 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.

Lion Energy Upgrades Proven Reserves in Indonesia's Seram (Non-Bula) PSC
Tuesday, March 01, 2016Lion Energy upgrades proven oil reserves in Seram (Non-Bula) Production Sharing Contract in eastern Indonesia by 28 percent.

Edison Looks to Sell Part of Egypt's Abu Qir Field
Thursday, January 14, 2016Italy'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.

CITIC Drills Oseil-28 Development Well in Seram (Non-Bula) PSC in Indonesia
Tuesday, November 24, 2015CITIC commences drilling at the Oseil-22 development well in Seram (Non-Bula) Production Sharing Contract in eastern Indonesia.

Resource Estimates Point to Significant Find at Lofin Field in Indonesia
Thursday, October 08, 2015Lion Energy says the contingent resource estimates confirm a significant gas/condensate find in the Seram Non-Bula Production Sharing Contract in eastern Indonesia.

CITIC Commences Oil Production at Oseil-28 Well in Seram (Non-Bula) PSC
Monday, September 14, 2015CITIC brings online the Oseil-28 development well, increasing oil production from the Seram (Non-Bula) production sharing contract in eastern Indonesia.

Citic Suspends Lofin-2 Well in Seram PSC as a Potential Gas Producer
Tuesday, July 21, 2015Citic suspends Lofin-2 appraisal well in Seram (Non-Bula) Production Sharing Contract in eastern Indonesia as a potential gas producer.

Lion Confirms Major Gas Potential at Seram (Non-Bula) PSC in Indonesia
Thursday, May 28, 2015Lion 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.

CITIC to Proceed with Oseil Field Development in Seram (Non-Bula) PSC
Monday, May 18, 2015CITIC 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.

Lion Energy Finds Postive Oil, Gas Shows at Lofin-2 Well in Seram PSC
Friday, May 15, 2015Lion Energy finds encouraging oil and gas shows at Lofin-2 appraisal well in Seram (Non-Bula) Production Sharing Contract in eastern Indonesia.

Citic Continues Drilling at Lofin-2 Appraisal Well in Indonesia's Seram PSC
Wednesday, April 15, 2015Citic continues drilling at Lofin-2 appraisal well in Seram (Non-Bula) production sharing contract in eastern Indonesia.

Lion Reports Significant Gas Shows at Lofin-2 Well in Indonesia's Seram PSC
Thursday, March 26, 2015Lion Energy says CITIC finds significant gas shows at Lofin-2 appraisal well in the Seram (Non-Bula) Production Sharing Contract in eastern Indonesia.

Lion Energy Continues Drilling at Lofin-2 Well in Seram PSC in Indonesia
Tuesday, March 17, 2015Lion Energy continues with drilling operations at the Lofin-2 appraisal well in Seram (Non-Bula) Production Sharing Contract in eastern Indonesia.

KUFPEC Inks Exploration Agreement for Pakistan's Paharpur Block
Monday, March 16, 2015KUFPEC signs exploration agreement with the Pakistani Ministry of Petroleum and Natural Resources for the Paharpur Block in Pakistan.

Pelikan Field Starts Production Offshore Indonesia
Tuesday, March 10, 2015Premier Oil starts up production from the Pelikan field offshore Indonesia.

CNOOC, KUFPEC Ink PSCs for 3 Offshore Blocks in South China Sea
Thursday, December 11, 2014CNOOC inks production sharing contracts for three offshore blocks in the South China Sea with Kuwait's KUFPEC.

Chevron Sells 30% In Canadian Shale Assets For $1.5B
Monday, October 06, 2014Chevron says it would sell a 30% stake in its Duvernay shale properties in Canada to Kuwait Foreign Petroleum Exploration Co. for $1.5 billion.

KUFPEC Boosts Stake in Wheatstone LNG via Shell Deal
Monday, January 20, 2014Royal Dutch Shell agrees to sell its 6.4-percent stake in Wheatstone LNG to Kuwait Foreign Petroleum Exploration Company.

Premier Oil Boosts Stake in Bream Field
Thursday, July 11, 2013Premier boosts stake in Bream field, offshore Norway, while reducing its interest in the nearby Mackerel discovery.

South Sudan Offers Total Oil Block to Exxon, Kuwait Petroleum
Friday, September 14, 2012ExxonMobil 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.

Australia Grants Seven New Offshore Exploration Permits
Thursday, September 13, 2012Australia grants seven new petroleum exploration permits worth around $290 million in the the Northern Territory and Western Australia.

EnQuest Farms Out Alma/Galia Stake
Tuesday, May 29, 2012EnQuest will farm out a 35% interest in EnQuest's Alma and Galia oil field developments to Kuwait Foreign Petroleum Exploration Company.

Premier Begins Gas Flow at Gajah Baru Offshore Indonesia
Monday, October 24, 2011Premier announced the start of gas production from the Gajah Baru field in the Natuna Sea Block A in Indonesia.

AWE Updates Al Meashar-2 Drilling Progress
Thursday, December 16, 2010AWE Limited updated the drilling program on the Al Meashar-2 appraisal well in Block 7,Yemen.

Apache, KUFPEC Sign Wheatstone LNG Purchase Agreement
Monday, July 19, 2010Subsidiaries of Apache and KUFPEC have signed a HoA with KOGAS for the delivery of LNG from the Chevron-operated Wheatstone LNG project.

Woodside Suffers Setback in Hunt for Pluto 2 Gas
Friday, October 23, 2009Woodside 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.

Apache, KUFPEC Join Chevron's Wheatstone LNG Project
Thursday, October 22, 2009Subsidiaries 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.

Eni Fires Up Gas Production in Mediterranean Sea
Tuesday, August 25, 2009Eni started up gas production from the North Bardawil field offshore Egypt in the Mediterranean Sea.

Woodside Clarifies on Discussions with Apache for Pluto LNG 2
Thursday, May 21, 2009Woodside clarifies on reports that Apache "now expects to sell gas from its Julimar prospect exclusively to Woodside's Pluto Phase II LNG facility."

Total Prepares to Start Drilling in Sudan Despite Regional Conflict
Thursday, April 09, 2009Total 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.

Apache Spuds Linda North-1 Appraisal Well in Carnarvon Basin
Tuesday, January 20, 2009The 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.

RWE Dea Reports on Hydrocarbon Discovery at West Mediterranean Block 1
Thursday, December 18, 2008RWE Dea has announced a discovery of gas and oil in the West Mediterranean Block 1 concession in Egypt.

Harriet JV Recommences Gas Production at Varanus Island
Friday, December 12, 2008The Varanus Island Repair Project has reached a critical milestone with the recommencement of gas sales to the domestic market and associated condensate production.

Fletcher-3 Spudded and Drilling Ahead in Australia's Dampier Sub-Basin
Tuesday, December 09, 2008The 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.

Harriet JV Spuds New Well on Bambra O&G Field
Monday, November 17, 2008Bambra-9 was spudded on Sunday, November 16, 2008, and is currently drilling ahead at a depth of 750 meters measured depth.

Harriet JV Resumes Oil Production after Varanus Island Incident
Tuesday, October 21, 2008Oil production has re-commenced at the Harriet Joint Venture from two wells at a combined rate of approximately 2,500 BOPD gross.

Harriet JV All Wet at Marley-2
Wednesday, July 09, 2008Joint 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.

Marley-2 Drilling Ahead
Friday, May 16, 2008Tap 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.

Harriet JV Spuds Marley-2
Wednesday, April 23, 2008The 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.

Ivory Coast Grants 3 Offshore Oil Exploration Permits
Wednesday, December 12, 2007Ivory Coast has granted exploration permits for its deep water block CI-102 to three foreign companies, the state-owned Fraternite Matin newspaper reported Wednesday.

Premier Signs Indonesian Gas Sales Agreements
Tuesday, December 11, 2007Premier Oil signed agreements for the sale of gas from the Natuna Sea Block A and North Sumatra Block A in Indonesia.

Strike Three for Apache Offshore Australia
Monday, September 10, 2007Apache 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.

Premier Oil Expanding Pakistan Oil and Gas E&P
Thursday, September 06, 2007U.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.

KUFPEC Acquires One-quarter Stake in Pangkah
Tuesday, August 28, 2007KUFPEC has completed its US$330-million acquisition of ConocoPhillips (Pangkah) Ltd ("CPPL"), a wholly owned subsidiary of ConocoPhillips, the Kuwait News Agency (KUNA) reported.

Positive News for Fletcher-1
Wednesday, August 15, 2007Tap Oil announced today that the total depth for the exploration well Fletcher-1 has been reached and preliminary tests show positive presence of hydrocarbons.