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Kuwait Foreign Petroleum Exploration Company divests non-operated assets in Pakistan, reaffirms strategic oil and gas partnership
Jan 01, 2025•over 1 year ago
Contract Type
partnership
KuwaitEnergyOil And Gas
Description
KUFPEC has successfully divested non-operated assets held by its subsidiaries in Pakistan while reaffirming its commitment to maintaining a strategic partnership with the Pakistani government in oil and gas exploration and production. Despite the divestment, the company continues to be a strategic partner to the Pakistani government and remains the operator of the Makhad Block in Pakistan. KUFPEC is also preparing for the upcoming offshore bidding round in collaboration with major exploration and production companies.
Company Information
Company
Kuwait Foreign Petroleum Exploration Company
Location
Kuwait
About
Kuwait Foreign Petroleum Exploration Company (KUFPEC) is a prominent entity in the energy sector, engaged in petroleum exploration and production outside of Kuwait. Known for its strategic investments in various international energy assets, KUFPEC plays a vital role in shaping the global energy landscape. The company is focused on enhancing energy collaboration and cooperation across regions. Its operations support Kuwait's energy goals and commitment to economic engagement.
Predictive Intelligence
Strategic
ML-powered predictions for Kuwait Foreign Petroleum Exploration Company's next move
KuwaitEnergyOil And Gas