Kuwait’s Oil Firm Looks to Boost Indonesia Offshore Exploration

Kuwait Foreign Petroleum Exploration Company (KUFPEC) plans to bid for more oil and gas blocks offshore Indonesia and explore for hydrocarbons in the Natuna Sea, the top executive of Kuwait’s state oil firm told Reuters on Monday. KUFPEC is an international upstream company, engaged in exploration, development and production of crude oil and natural gas outside the State of Kuwait.

Currently, KUFPEC, a unit of Kuwait Petroleum Corporation (KPC), has two offshore oil/gas/condensate projects of Natuna Sea Block A, Anambas Exploration block…