#kufpec

Dateline 2022-12-22, MarketScreener: PTTEP announces another gas discovery in Malaysia from the exploration well, Paprika-1, in Block SK410B. The discovery provides PTTEP with a further development opportunity in Northern Sarawak and supports the company’s long-term growth.Mr. Montri Rawanchaikul, Chief Executive Officer of PTT Exploration and Production Public Company Limited (PTTEP), disclosed…

Kasawari CCS shows hydrocarbons and energy transition not mutually exclusive

Dateline 2022-02-18, Upstream: Petronas awarding parallel front-end engineering and design contracts for its Kasawari carbon capture and storage project offshore its native Malaysia serves as a timely reminder that the increasingly global decarbonisation drive is continuing to build momentum.But it also highlights the ability of conventional oil and gas projects to continue to attract billions…

Petrofac Brings Online East Cendor Offshore Field in Malaysia

Dateline 2021-07-30, Offshore Engineer: Malaysian oil and gas firm Petronas said Friday that Petrofac had brought online the East Cendor field in Block PM304, 40 kilometers offshore Peninsular Malaysia.The field was developed by Petrofac as the operator and Kuwait Foreign Petroleum Exploration Company and Petronas Carigali as partners.East Cendor is the fourth in the series of development in…

Work to begin on well after deal

Dateline 2021-05-10, Arab Times: The CEO of the Kuwait Foreign Petroleum Exploration Company (KUFPEC) Sheikh Nawaf Saud Al-Sabah told MEED Magazine that the company is negotiating with the Malaysian government on the financial terms related to a major gas discovery off the coast of Malaysia, reports Al-Anba daily. In February, KUFPEC announced its largest ever discovery of hydrocarbons by…

Kuwait’s KUFPEC discovers gas in Malaysian block SK-410B

Dateline 2019-06-27, Reuters:

Kuwait Foreign Petroleum Exploration Company (KUFPEC) said on Thursday it had made a significant gas discovery in block SK-410B in Malaysia.

The block is located in shallow waters, nearly 90 km (56 miles) off the coast of Sarawak, it said in a statement.

The discovery was made by KUFPEC Malaysia, a wholly-owned subsidiary of the Kuwaiti firm, which holds a 42.5%…

Shell cancels $900 mn sale of Thai subsidiaries to KUFPEC

Royal Dutch Shell plc has cancelled a $900 million sale of its two Thailand subsidiaries – Shell Integrated Gas Thailand Pte Limited (SIGT) and Thai Energy Co Limited (TEC) to KUFPEC Thailand Holdings Pte Limited, a subsidiary of Kuwait Foreign Petroleum Exploration Company (KUFPEC).

SIGT and TEC together hold a 22.222 percent equity stake in the Bongkot field and adjoining acreage offshore Thailand consisting of Blocks 15, 16 and 17 and block G12/48. Shell’s partners in the Bongkot asset are operator of the field, PTT Exploration & Production (PTTEP), with 44.445 percent equity, and Total with 33.333 percent equity.

SIGT and TEC will continue to support PTTEP in both the safe and efficient operation and further development of Bongkot.

Petronas awards first production sharing contract for this year to 3 companies

Same topic as yesterday, a different slant on reporting, and an optimistic note.

Dateline 2016-07-22, Nikkei Asia Review:

Malaysia’s national oil company Petroliam Nasional, or Petronas, has awarded its first production sharing contract for 2016 to three oil companies to explore a hydrocarbon block off the Sarawak state.

Thailand’s PTT Exploration & Productionwill operate the SK410B oil field…