International

Kuwaiti petroleum firm discovers natural gas, condensate in Indonesia

Published on : 2022-01-23

Arab news - Kuwait Foreign Petroleum Exploration Company, or Kufpec, has discovered natural gas and a light form of oil in Indonesia.

Kufpec, which is a unit of Kuwait’s state energy company, made the discoveries “through the successful drilling of the Anambas-2X well” in 288 feet (88 meters) of water, Bloomberg reported.

The quantities of gas are very promising, CEO of Kufpec Shaikh Nawaf S. Al-Sabah told Annahar on Sunday.

He added all the discoveries are owned by the company as it is the operator of the project, and it was its first discovery at an offshore block that it operates.

Kufpec started its operation in 1981, known as an international upstream company, engaged in exploration, development and production of crude oil and natural gas outside Kuwait.

QatarEnergy to build 18 largest LNG vessels ever built in China’s CSSC for $6bln

The new vessels, with a capacity of 271,000 cubic meters each, will be constructed at China’s Hudong-Zhonghua Shipyard

UAE’s Dana Gas suspends operations at Iraq’s Khor Mor gas field following drone attack

The UAE-based Dana Gas, the largest private sector natural gas company in the region, has suspended operations at its Khor Mor gas field following a drone attack on its site on April 26

Shell earns $1bln a year from US crude trading, court filing shows

Testimony by a former head of Shell U.S. crude trading division filed in a Texas state court has offered a rare look at the huge profits of its trading operations and the multi-million dollar bonuses bestowed on traders