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42

KUFPEC Wins Exploration Concession Offshore West Australia

Kuwait Petroleum Corporation (KPC) said that its subsidiary, Kuwait Foreign Petroleum Exploration Company (KUFPEC), has won a concession for petroleum exploration offshore Australia.

KUFPEC Wins Exploration Concession Offshore West Australia KUFPEC Wins Exploration Concession Offshore West Australia

Kuwait Petroleum Corporation (KPC) said that its subsidiary, Kuwait Foreign Petroleum Exploration Company (KUFPEC), has won a concession for petroleum exploration offshore Australia.


The WA-481-P concession is located in the territorial waters in Western Australia near Perth and covers an area of 17 500 km2. The 6-year concession includes seismic surveys, geological and geophysical studies, and excavation operations.


Operator Murphy Oil Exploration controls 40% of the concession, in partnership with KUFPEC and Samsung Oil and Gas which each hold 30%.


KUFPEC operates in 52 exploration, development, and production projects in 13 countries.

Source : Neftegaz.RU