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Kuwait Foreign Petroleum Exploration Company - Analysis Across the Oil and Gas Value Chain Report
Reference Code: GDGE173AAD
© GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form
Page 1
Kuwait Foreign Petroleum Exploration Company
Analysis Across the Oil and Gas Value Chain Report
Reference Code: GDGE173AAD Publication Date: OCT 2012
Kuwait Foreign Petroleum Exploration Company - Analysis Across the Oil and Gas Value Chain Report
Reference Code: GDGE173AAD
© GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form
Page 2
Table of Contents
Table of Contents ............................................................................................................................................................................... 2
List of Tables .................................................................................................................................................................................. 7
List of Figures ............................................................................................................................................................................... 15
Company Snapshot .......................................................................................................................................................................... 16
Company Overview....................................................................................................................................................................... 16
Key Information ............................................................................................................................................................................. 16
Kuwait Foreign Petroleum Exploration Company , Exploration and Production Summary ............................................................... 17
Kuwait Foreign Petroleum Exploration Company , Active Exploration Blocks, by Country, 2002-2011 ........................................ 17
Kuwait Foreign Petroleum Exploration Company, Crude Oil Production, by Country, 2002-2011 ................................................ 19
Kuwait Foreign Petroleum Exploration Company, Natural Gas Production, by Country, 2002-2011 ............................................ 20
Kuwait Foreign Petroleum Exploration Company, Crude Oil and Natural Gas Production By Fields ............................................... 21
Kuwait Foreign Petroleum Exploration Company, Crude Oil Production ...................................................................................... 21
Kuwait Foreign Petroleum Exploration Company, Crude Oil Production in Australia, By Fields ............................................... 21
Kuwait Foreign Petroleum Exploration Company, Crude Oil Production in Egypt, By Fields .................................................... 22
Kuwait Foreign Petroleum Exploration Company, Crude Oil Production in Indonesia, By Fields .............................................. 22
Kuwait Foreign Petroleum Exploration Company, Crude Oil Production in Malaysia, By Fields ............................................... 22
Kuwait Foreign Petroleum Exploration Company, Crude Oil Production in Pakistan, By Fields ................................................ 22
Kuwait Foreign Petroleum Exploration Company, Crude Oil Production in Tunisia, By Fields .................................................. 23
Kuwait Foreign Petroleum Exploration Company, Crude Oil Production in Yemen, By Fields .................................................. 23
Kuwait Foreign Petroleum Exploration Company, Crude Oil Production in Mauritania, By Fields ............................................. 23
Kuwait Foreign Petroleum Exploration Company, Natural Gas Production .................................................................................. 24
Kuwait Foreign Petroleum Exploration Company, Natural Gas Production in Australia, By Fields ........................................... 24
Kuwait Foreign Petroleum Exploration Company, Natural Gas Production in China, By Fields ................................................ 25
Kuwait Foreign Petroleum Exploration Company, Natural Gas Production in Egypt, By Fields ................................................ 25
Kuwait Foreign Petroleum Exploration Company, Natural Gas Production in Indonesia, By Fields .......................................... 25
Kuwait Foreign Petroleum Exploration Company, Natural Gas Production in Pakistan, By Fields ............................................ 25
Crude Oil And Natural Gas Production Forecasts, 2012-2020 ......................................................................................................... 26
Kuwait Foreign Petroleum Exploration Company‘s Exploration Blocks Details ................................................................................ 28
Block B‘s Exploration Details ........................................................................................................................................................ 28
Kuwait Foreign Petroleum Exploration Company‘s News Details, Block B ............................................................................... 28
Kuwait Foreign Petroleum Exploration Company‘s Deals Details, Block B ............................................................................... 30
Marine IX‘s Exploration Details ..................................................................................................................................................... 31
Kuwait Foreign Petroleum Exploration Company‘s News Details, Marine IX ............................................................................ 31
Kuwait Foreign Petroleum Exploration Company‘s Deals Details, Marine IX ............................................................................ 33
Qusa (Block 74)‘s Exploration Details ........................................................................................................................................... 34
Kuwait Foreign Petroleum Exploration Company‘s News Details, Qusa (Block 74) .................................................................. 34
Kuwait Foreign Petroleum Exploration Company‘s Deals Details, Qusa (Block 74) .................................................................. 36
West Sitra‘s Exploration Details .................................................................................................................................................... 37
SB 312‘s Exploration Details ......................................................................................................................................................... 38
Kuwait Foreign Petroleum Exploration Company‘s News Details, SB 312 ................................................................................ 38
Kuwait Foreign Petroleum Exploration Company‘s Deals Details, SB 312 ................................................................................ 39
Buton‘s Exploration Details ........................................................................................................................................................... 40
Kuwait Foreign Petroleum Exploration Company‘s News Details, Buton .................................................................................. 40
Seram Non Bula‘s Exploration Details .......................................................................................................................................... 45
Kuwait Foreign Petroleum Exploration Company‘s News Details, Seram Non Bula ................................................................. 45
Kuwait Foreign Petroleum Exploration Company - Analysis Across the Oil and Gas Value Chain Report
Reference Code: GDGE173AAD
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Kuwait Foreign Petroleum Exploration Company‘s Deals Details, Seram Non Bula ................................................................. 52
WA-191-P‘s Exploration Details .................................................................................................................................................... 53
Kuwait Foreign Petroleum Exploration Company‘s News Details, WA-191-P ........................................................................... 53
Kuwait Foreign Petroleum Exploration Company‘s Deals Details, WA-191-P ........................................................................... 61
WA-264-P R1‘s Exploration Details .............................................................................................................................................. 63
Kuwait Foreign Petroleum Exploration Company‘s News Details, WA-264-P R1 ..................................................................... 63
Kuwait Foreign Petroleum Exploration Company‘s Deals Details, WA-264-P R1 ..................................................................... 63
WA-356-P‘s Exploration Details .................................................................................................................................................... 64
Kuwait Foreign Petroleum Exploration Company‘s News Details, WA-356-P ........................................................................... 64
Barqa (Block 7)‘s Exploration Details ............................................................................................................................................ 67
Kuwait Foreign Petroleum Exploration Company‘s News Details, Barqa (Block 7) ................................................................... 67
Kuwait Foreign Petroleum Exploration Company‘s Deals Details, Barqa (Block 7) ................................................................... 78
Block CI-24‘s Exploration Details .................................................................................................................................................. 79
Kuwait Foreign Petroleum Exploration Company‘s News Details, Block CI-24 ......................................................................... 79
Kuwait Foreign Petroleum Exploration Company‘s Deals Details, Block CI-24 ......................................................................... 79
WA-427-P (released as W08-16)‘s Exploration Details................................................................................................................. 80
Kuwait Foreign Petroleum Exploration Company‘s News Details, WA-427-P (released as W08-16) ........................................ 80
Block 20‘s Exploration Details ....................................................................................................................................................... 81
Kuwait Foreign Petroleum Exploration Company‘s News Details, Block 20 .............................................................................. 81
Kuwait Foreign Petroleum Exploration Company‘s Deals Details, Block 20 .............................................................................. 82
Block 19‘s Exploration Details ....................................................................................................................................................... 83
Kuwait Foreign Petroleum Exploration Company‘s News Details, Block 19 .............................................................................. 83
Kuwait Foreign Petroleum Exploration Company‘s Deals Details, Block 19 .............................................................................. 84
Block 51‘s Exploration Details ....................................................................................................................................................... 85
Kuwait Foreign Petroleum Exploration Company‘s News Details, Block 51 .............................................................................. 85
SC 60‘s Exploration Details .......................................................................................................................................................... 86
Block C 10‘s Exploration Details ................................................................................................................................................... 87
WA-481-P‘s Exploration Details .................................................................................................................................................... 88
Kuwait Foreign Petroleum Exploration Company‘s Deals Details, WA-481-P ........................................................................... 88
Kuwait Foreign Petroleum Exploration Company‘s Field Details ...................................................................................................... 89
Zarghun South‘s Field Details ....................................................................................................................................................... 89
North Bardawil‘s Field Details ....................................................................................................................................................... 90
Kuwait Foreign Petroleum Exploration Company‘s News Details, North Bardawil .................................................................... 90
Geisum & Tawila West‘s Field Details .......................................................................................................................................... 91
Kuwait Foreign Petroleum Exploration Company‘s Deals Details, Geisum & Tawila West ....................................................... 91
Ras Kanayes‘s Field Details ......................................................................................................................................................... 92
East Shabwah‘s Field Details ....................................................................................................................................................... 93
Anoa‘s Field Details ...................................................................................................................................................................... 94
Kuwait Foreign Petroleum Exploration Company‘s News Details, Anoa ................................................................................... 94
Gajah Baru‘s Field Details .......................................................................................................................................................... 110
Kuwait Foreign Petroleum Exploration Company‘s News Details, Gajah Baru ....................................................................... 110
Seram Non Bula(Oseil)‘s Field Details ........................................................................................................................................ 122
Kuwait Foreign Petroleum Exploration Company‘s News Details, Seram Non Bula(Oseil) ..................................................... 122
Cendor (PM304)‘s Field Details .................................................................................................................................................. 124
Kuwait Foreign Petroleum Exploration Company‘s News Details, Cendor (PM304) ............................................................... 124
Belud South‘s Field Details ......................................................................................................................................................... 126
Bhit‘s Field Details ...................................................................................................................................................................... 127
Kuwait Foreign Petroleum Exploration Company - Analysis Across the Oil and Gas Value Chain Report
Reference Code: GDGE173AAD
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Kuwait Foreign Petroleum Exploration Company‘s News Details, Bhit ................................................................................... 127
Kadanwari‘s Field Details ............................................................................................................................................................ 131
Kuwait Foreign Petroleum Exploration Company‘s News Details, Kadanwari ......................................................................... 131
Zamzama‘s Field Details ............................................................................................................................................................. 139
Kuwait Foreign Petroleum Exploration Company‘s News Details, Zamzama .......................................................................... 139
Alma (Ardmore redevelopment)‘s Field Details ........................................................................................................................... 148
Kuwait Foreign Petroleum Exploration Company‘s News Details, Alma (Ardmore redevelopment) ........................................ 148
Kuwait Foreign Petroleum Exploration Company‘s Deals Details, Alma (Ardmore redevelopment) ....................................... 154
Galia (Duncan redevelopment)‘s Field Details ............................................................................................................................ 155
Kuwait Foreign Petroleum Exploration Company‘s News Details, Galia (Duncan redevelopment) ......................................... 155
Kuwait Foreign Petroleum Exploration Company‘s Deals Details, Galia (Duncan redevelopment) ......................................... 160
Wonnich & Wonnich Deep‘s Field Details ................................................................................................................................... 161
Kuwait Foreign Petroleum Exploration Company‘s News Details, Wonnich & Wonnich Deep ................................................ 161
West Cycad‘s Field Details ......................................................................................................................................................... 163
Kuwait Foreign Petroleum Exploration Company‘s News Details, West Cycad ...................................................................... 163
Exeter‘s Field Details .................................................................................................................................................................. 164
Kuwait Foreign Petroleum Exploration Company‘s News Details, Exeter ............................................................................... 164
Victoria‘s Field Details................................................................................................................................................................. 173
South Plato‘s Field Details .......................................................................................................................................................... 174
Tanami‘s Field Details................................................................................................................................................................. 174
Tanami(Others)‘s Field Details ................................................................................................................................................... 175
North Alkimos‘s Field Details ...................................................................................................................................................... 175
Rose‘s Field Details .................................................................................................................................................................... 176
Bambra‘s Field Details ................................................................................................................................................................ 177
Kuwait Foreign Petroleum Exploration Company‘s News Details, Bambra ............................................................................. 177
Balnaves‘s Field Details .............................................................................................................................................................. 185
Kuwait Foreign Petroleum Exploration Company‘s News Details, Balnaves ........................................................................... 185
Brunello (WA-356-P)‘s Field Details ........................................................................................................................................... 187
Kuwait Foreign Petroleum Exploration Company‘s News Details, Brunello (WA-356-P)......................................................... 187
Julimar (WA-356-P)‘s Field Details ............................................................................................................................................. 189
Kuwait Foreign Petroleum Exploration Company‘s News Details, Julimar (WA-356-P) .......................................................... 189
Fletcher-Finucane‘s Field Details ................................................................................................................................................ 192
Kuwait Foreign Petroleum Exploration Company‘s News Details, Fletcher-Finucane ............................................................. 192
Chinguetti‘s Field Details ............................................................................................................................................................ 194
Kuwait Foreign Petroleum Exploration Company‘s News Details, Chinguetti ......................................................................... 194
Kuwait Foreign Petroleum Exploration Company‘s Deals Details, Chinguetti ......................................................................... 203
Tevet‘s Field Details.................................................................................................................................................................... 205
Banda‘s Field Details .................................................................................................................................................................. 205
Tiof, Tiof West‘s Field Details ..................................................................................................................................................... 206
Little Sandy‘s Field Details .......................................................................................................................................................... 206
Gipsy‘s Field Details ................................................................................................................................................................... 207
Pedirka‘s Field Details ................................................................................................................................................................ 208
Kuwait Foreign Petroleum Exploration Company‘s News Details, Pedirka ............................................................................. 208
Harriet‘s Field Details .................................................................................................................................................................. 210
Kuwait Foreign Petroleum Exploration Company‘s News Details, Harriet ............................................................................... 210
Simpson‘s Field Details............................................................................................................................................................... 218
Kuwait Foreign Petroleum Exploration Company‘s News Details, Simpson ............................................................................ 218
Kuwait Foreign Petroleum Exploration Company - Analysis Across the Oil and Gas Value Chain Report
Reference Code: GDGE173AAD
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Page 5
Lee‘s Field Details ...................................................................................................................................................................... 220
Kuwait Foreign Petroleum Exploration Company‘s News Details, Lee.................................................................................... 220
Gudrun‘s Field Details................................................................................................................................................................. 222
Double Island‘s Field Details ....................................................................................................................................................... 222
Artreus‘s Field Details ................................................................................................................................................................. 223
Albert‘s Field Details ................................................................................................................................................................... 223
Mohave‘s Field Details ................................................................................................................................................................ 224
Sidi El Kilani‘s Field Details ......................................................................................................................................................... 225
Kuwait Foreign Petroleum Exploration Company‘s Deals Details, Sidi El Kilani ..................................................................... 225
Ujung Pangkah‘s Field Details .................................................................................................................................................... 226
Kuwait Foreign Petroleum Exploration Company‘s News Details, Ujung Pangkah ................................................................. 226
Kuwait Foreign Petroleum Exploration Company‘s Deals Details, Ujung Pangkah ................................................................. 227
Agincourt‘s Field Details ............................................................................................................................................................. 228
Mutineer‘s Field Details............................................................................................................................................................... 229
Kuwait Foreign Petroleum Exploration Company‘s News Details, Mutineer ............................................................................ 229
Qadirpur‘s Field Details............................................................................................................................................................... 248
Kuwait Foreign Petroleum Exploration Company‘s News Details, Qadirpur ............................................................................ 248
Yacheng‘s Field Details .............................................................................................................................................................. 257
Kuwait Foreign Petroleum Exploration Company‘s News Details, Yacheng ........................................................................... 257
Jannah‘s Field Details ................................................................................................................................................................. 258
Kuwait Foreign Petroleum Exploration Company LNG Operations ................................................................................................ 259
LNG Operation by Country, Liquefaction, 2004-2016 ................................................................................................................. 259
LNG Operation by Country, Total Liquefaction Capacity, 2004-2016 ...................................................................................... 259
LNG Operation by Country, Liquefaction Capacity in Australia, 2004-2016 ............................................................................ 259
Kuwait Foreign Petroleum Exploration Company's Liquefaction Terminal Details ...................................................................... 260
Kuwait Foreign Petroleum Exploration Company's Liquefaction Terminal Details, Wheatstone LNG ..................................... 260
Kuwait Foreign Petroleum Exploration Company's Liquefaction News Details, Wheatstone LNG .......................................... 260
Kuwait Foreign Petroleum Exploration Company's Liquefaction News Details, Wheatstone LNG .......................................... 274
Kuwait Foreign Petroleum Exploration Company Pipeline Operations ........................................................................................... 276
Pipeline Operations, Australia ..................................................................................................................................................... 276
Pipeline Operation, Australia, Natural Gas Pipelines .............................................................................................................. 276
Pipeline Operations, China ......................................................................................................................................................... 277
Pipeline Operation, China, Natural Gas Pipelines ................................................................................................................... 277
Pipeline Operations, Tunisia ....................................................................................................................................................... 278
Pipeline Operation, Tunisia, Crude Oil pipelines ..................................................................................................................... 278
Kuwait Foreign Petroleum Exploration Company's Pipeline Details ........................................................................................... 279
Kuwait Foreign Petroleum Exploration Company's Sidi El Kilani- La Skhirra Pipeline, Pipeline Details .................................. 279
Kuwait Foreign Petroleum Exploration Company's Wheatstone- Wheatstone LNG Export Pipeline, Pipeline Details ............ 280
Kuwait Foreign Petroleum Exploration Company's Yacheng- Dongfan Gas Pipeline (CNOOC Limited), Pipeline Details ...... 280
Kuwait Foreign Petroleum Exploration Company's Yacheng- Hong Kong Gas Pipeline (CNOOC Limited), Pipeline Details . 281
Kuwait Foreign Petroleum Exploration Company Gas Processing Operations .............................................................................. 282
Kuwait Foreign Petroleum Exploration Company Operations by Country ................................................................................... 282
Kuwait Foreign Petroleum Exploration Company, Gas Processing Plant Details ....................................................................... 283
Kuwait Foreign Petroleum Exploration Company, Bhit GPP- Eni ............................................................................................ 283
Kuwait Foreign Petroleum Exploration Company, Qadirpur GPP- OGDCL............................................................................. 284
Key Employees .............................................................................................................................................................................. 285
Kuwait Foreign Petroleum Exploration Company - Major Products and Services .......................................................................... 286
Kuwait Foreign Petroleum Exploration Company - Analysis Across the Oil and Gas Value Chain Report
Reference Code: GDGE173AAD
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Page 6
History ............................................................................................................................................................................................ 287
Company Statement ....................................................................................................................................................................... 291
Locations And Subsidiaries ............................................................................................................................................................ 292
Head Office ................................................................................................................................................................................. 292
Other Locations & Subsidiaries ................................................................................................................................................... 292
Business Description ...................................................................................................................................................................... 293
Business Overview ..................................................................................................................................................................... 293
SWOT Analysis .............................................................................................................................................................................. 294
Overview ..................................................................................................................................................................................... 294
Kuwait Foreign Petroleum Exploration Company Strengths ....................................................................................................... 294
Substantiasl Asset Base .......................................................................................................................................................... 294
Expanding Reserve Base ........................................................................................................................................................ 294
Strong Liquidity Position .......................................................................................................................................................... 295
Kuwait Foreign Petroleum Exploration Company Weaknesses .................................................................................................. 295
Production Decline .................................................................................................................................................................. 295
Kuwait Foreign Petroleum Exploration Company Opportunities ................................................................................................. 295
Prospects in LNG Business ..................................................................................................................................................... 295
North Sea Expansion .............................................................................................................................................................. 295
Off-Shore Natural Gas Opportunity ......................................................................................................................................... 295
Kuwait Foreign Petroleum Exploration Company Threats .......................................................................................................... 296
Volatility In Oil & Natural Gas Prices ....................................................................................................................................... 296
Exploration Production & Development Risk ........................................................................................................................... 296
Stringent Regulations & Administrative Procedures ................................................................................................................ 296
Kuwait Foreign Petroleum Exploration Company - Key Competitors ............................................................................................. 297
Recent Developments .................................................................................................................................................................... 298
Apr 12, 2012: Technip Wins €245m Contract From Chevron For Wheatstone Project In Australia ........................................ 298
Apr 11, 2012: Clough AMEC Wins AUD30m Contract For Wheatstone Project In Western Australia .................................... 298
Feb 23, 2012: GE Oil & Gas Wins Contract From Apache Energy For Julimar Development Project Offshore Western Australia .................................................................................................................................................................................. 299
Feb 09, 2012: BAM Clough Wins AUD400m Contract From Bechtel For Wheatstone LNG Project ....................................... 300
Feb 02, 2012: Clough Wins AUD350m Contract For Wheatstone Project .............................................................................. 301
Nov 11, 2011: NRW Holdings Wins AUD99m Contract For Chevron Operated Wheatstone LNG Project ............................. 301
Sep 25, 2011: Chevron To Proceed With Construction Of Wheatstone Project In Western Australia ..................................... 301
Sep 22, 2011: Chevron Receives Australian Commonwealth Government Environmental Approval For Wheatstone Project In Western Australia .................................................................................................................................................................... 302
Sep 15, 2011: Apache And Its Partners Sign Agreements With Kyushu Electric To Sell Liquefied Natural Gas From Wheatstone Project ................................................................................................................................................................. 303
Aug 31, 2011: Chevron Secures Environmental Approval For Wheatstone Project From Western Australian Government ... 303
Appendix ........................................................................................................................................................................................ 305
Market Definitions ....................................................................................................................................................................... 305
Oil and Gas Pipelines .............................................................................................................................................................. 305
Methodology ............................................................................................................................................................................... 305
Coverage ................................................................................................................................................................................. 305
Secondary Research ............................................................................................................................................................... 305
Primary Research.................................................................................................................................................................... 306
Expert Panel Validation ........................................................................................................................................................... 306
Disclaimer ................................................................................................................................................................................... 306
Kuwait Foreign Petroleum Exploration Company - Analysis Across the Oil and Gas Value Chain Report
Reference Code: GDGE173AAD
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Page 7
List of Tables
Kuwait Foreign Petroleum Exploration Company, Key Facts ........................................................................................................... 16
Kuwait Foreign Petroleum Exploration Company, Number of Exploration Blocks, by Country, 2002-2011 ...................................... 18
Kuwait Foreign Petroleum Exploration Company, Equity Weighted Gross Crude Oil Production (BBls), by Country, 2002-2011 ... 19
Kuwait Foreign Petroleum Exploration Company, Equity Weighted Natural Gas Production (MMcf), by Country, 2002-2011 ........ 20
Kuwait Foreign Petroleum Exploration Company, Crude Oil Production (BBls) By Fields in Australia, 2002-2011 .......................... 21
Kuwait Foreign Petroleum Exploration Company, Crude Oil Production (BBls) By Fields in Egypt, 2002-2011............................... 22
Kuwait Foreign Petroleum Exploration Company, Crude Oil Production (BBls) By Fields in Indonesia, 2002-2011 ........................ 22
Kuwait Foreign Petroleum Exploration Company, Crude Oil Production (BBls) By Fields in Malaysia, 2002-2011 .......................... 22
Kuwait Foreign Petroleum Exploration Company, Crude Oil Production (BBls) By Fields in Pakistan, 2002-2011 .......................... 22
Kuwait Foreign Petroleum Exploration Company, Crude Oil Production (BBls) By Fields in Tunisia, 2002-2011 ............................ 23
Kuwait Foreign Petroleum Exploration Company, Crude Oil Production (BBls) By Fields in Yemen, 2002-2011 ............................ 23
Kuwait Foreign Petroleum Exploration Company, Crude Oil Production (BBls) By Fields in Mauritania, 2002-2011 ....................... 23
Kuwait Foreign Petroleum Exploration Company, Natural Gas Production (MMcf), By Fields in Australia, 2002-2011 ................... 24
Kuwait Foreign Petroleum Exploration Company, Natural Gas Production (MMcf), By Fields in China, 2002-2011 ........................ 25
Kuwait Foreign Petroleum Exploration Company, Natural Gas Production (MMcf), By Fields in Egypt, 2002-2011 ........................ 25
Kuwait Foreign Petroleum Exploration Company, Natural Gas Production (MMcf), By Fields in Indonesia, 2002-2011 .................. 25
Kuwait Foreign Petroleum Exploration Company, Natural Gas Production (MMcf), By Fields in Pakistan, 2002-2011 .................... 25
Crude Oil Production Forecasts (Boe) by Fields, 2012-2020 ........................................................................................................... 26
Natural Gas Production Forecasts (MMcf) by Fields, 2012-2020 ..................................................................................................... 27
Kuwait Foreign Petroleum Exploration Company‘s Asset Details, Block B ...................................................................................... 28
Total To Restart Drilling Operations At Block B In South Sudan After 27 Years .............................................................................. 28
Total Gets Ready For Sudan Oil Drill ............................................................................................................................................... 28
Marathon Oil Sells Southern Sudanese Block To Total .................................................................................................................... 30
Kuwait Foreign Petroleum Exploration Company‘s Asset Details, Marine IX ................................................................................... 31
Premier Oil Provides Operations Update.......................................................................................................................................... 31
KUFPEC Acquires 27% Participating Interest In Block Marine IX .................................................................................................... 33
Ophir Energy Enters Into Joint Venture With Premier Oil ................................................................................................................. 33
Kuwait Foreign Petroleum Exploration Company‘s Asset Details, Qusa (Block 74) ......................................................................... 34
Kuwait Energy Reports Revenue Of $176 Million In 2008 ................................................................................................................ 34
Kuwait Energy Acquires Oil Search (MENA) .................................................................................................................................... 36
Kuwait Foreign Petroleum Exploration Company‘s Asset Details, West Sitra .................................................................................. 37
Kuwait Foreign Petroleum Exploration Company‘s Asset Details, SB 312 ....................................................................................... 38
PETRONAS Carigali Announces Two Shallow-Water Gas Discoveries In Malaysia ........................................................................ 38
PETRONAS Signs Production Sharing Contract With Kufpec .......................................................................................................... 39
Kuwait Foreign Petroleum Exploration Company‘s Asset Details, Buton ......................................................................................... 40
Premier Oil Finds Oil At Benteng-1 Well In Buton Block, Indonesia ................................................................................................. 40
Premier Oil Provides Operations Update.......................................................................................................................................... 40
Premier Oil Reports Profit Of $87 Million For Year-End 2008 .......................................................................................................... 42
Kuwait Foreign Petroleum Exploration Company‘s Asset Details, Seram Non Bula ........................................................................ 45
Lion Energy Encounters Oil At LOFIN-1 Well At Seram Island In Indonesia .................................................................................... 45
Lion Energy Provides Update On LOFIN-1 Exploration Well At Seram Island In Indonesia ............................................................. 46
Lion Energy Provides Update On LOFIN-1 Exploration Well In Indonesia ....................................................................................... 47
Lion Energy Provides Update On LOFIN-1 Exploration Well In Indonesia ....................................................................................... 48
Lion Provides Update On LOFIN-1 Exploration Well At Seram Island In Indonesia ......................................................................... 49
Lion Energy Provides Update On LOFIN-1 Exploration Well In Indonesia ....................................................................................... 49
Kuwait Foreign Petroleum Exploration Company - Analysis Across the Oil and Gas Value Chain Report
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Lion Energy Provides Update On Lofin-1 Well At Seram Island In Eastern Indonesia ..................................................................... 50
Lion Updates On Activities In Seram Block PSC, Indonesia ............................................................................................................ 50
Citic Resources Holdings Plans To Acquire Oil Assets In Asia And Africa ....................................................................................... 52
Kuwait Foreign Petroleum Exploration Company‘s Asset Details, WA-191-P .................................................................................. 53
JX Nippon Oil & Gas Announces Final Investment Decision On Finucane South Field In North West Shelf, Australia ................... 53
Tap Oil Provides Finucane South-1A Exploration Well Update ........................................................................................................ 53
Tap Oil Updates On Finucane South-1A Well In Carnarvon Basin, Western Australia .................................................................... 54
Tap Oil Reports Revenue Of AUD34.8 Million In H1 2009 ............................................................................................................... 54
Tap Oil Provides Q2 2008 Operational Update ................................................................................................................................ 56
Tap Oil Updates On Fletcher-4 Well In WA-191-P, Australia ........................................................................................................... 58
Tap Oil Updates On Fletcher-3 Well In WA-191-P, Australia ........................................................................................................... 58
Tap Oil Updates On Fletcher-3 Well In Permit WA-191-P, Australia ................................................................................................ 59
Tap Oil Updates On Fletcher-3 Well In Permit WA-191-P, Australia ................................................................................................ 60
Tap Oil Spuds Fletcher-3 Well In Permit WA-191-P, Australia ......................................................................................................... 60
Tap Updates On Fletcher-1/2 Exploration Wells, Carnarvon Basin .................................................................................................. 61
Santos Completes Acquisition Of 8.2% Interest In Exploration Permit WA-191-P From Tap Oil For $22.4 Million .......................... 61
Tap Oil Acquires 8.2% Interest In Totem Prospects WA-191-P From Woodside Energy ................................................................. 62
Kuwait Foreign Petroleum Exploration Company‘s Asset Details, WA-264-P R1 ............................................................................. 63
Buru Energy Provides Drilling Update On Pictor East-1 Well In WA-264-P Of Carnarvon Basin, Offshore Western Australia ........ 63
Santos Sells Interests In The Exploration Permit To Beach Petroleum ............................................................................................ 63
Kuwait Foreign Petroleum Exploration Company‘s Asset Details, WA-356-P .................................................................................. 64
Apache Signs Agreements To Sell LNG From Wheatstone To Tokyo Electric Power ..................................................................... 64
Apache Plans Balnaves Field Development Offshore Western Australia ......................................................................................... 64
JP Kenny Secures FEED Contract For Apache's Julimar Development Project In Australia ........................................................... 65
Apache Encounters Gas At Brokenwood-1 And Brokenwood-2 Wells On Julimar-Brunello Field In Block WA-356-P, Australia ..... 66
Kuwait Foreign Petroleum Exploration Company‘s Asset Details, Barqa (Block 7) .......................................................................... 67
Oil Search Suspends Al Meashar-2 Well As Future Producer .......................................................................................................... 67
AWE's Al Meashar-2 Well Produces 145 Bopd ................................................................................................................................ 67
AWE Updates On Meashar-2 Appraisal Well In Block 7, Yemen ..................................................................................................... 67
AWE Updates On Meashar-2 Appraisal Well In Block 7, Yemen ..................................................................................................... 68
AWE Encounters Oil Shows At Meashar-2 Appraisal Well In Block 7, Yemen ................................................................................. 68
AWE Provides Al Meashar-2 Drilling Update .................................................................................................................................... 68
AWE Updates On Meashar-2 Appraisal Well In Block 7, Yemen ..................................................................................................... 69
AWE Updates On Meashar-2 Appraisal Well In Block 7, Yemen ..................................................................................................... 69
AWE Updates On Al Meashar-2 Appraisal Well In Block 7, Yemen ................................................................................................. 69
AWE Provides Al Meashar-2 Well Drilling Update ............................................................................................................................ 69
AWE Updates On Meashar-2 Appraisal Well In Block 7, Yemen ..................................................................................................... 70
AWE Updates On Meashar-2 Appraisal Well At Block 7 In Yemen .................................................................................................. 70
AWE Updates On Meashar-2 Appraisal Well At Block 7 In Yemen .................................................................................................. 70
AWE Updates On Meashar-2 Appraisal Well At Block 7 In Yemen .................................................................................................. 70
AWE Spuds Al Meashar-2 Appraisal Well At Block 7 In Yemen ....................................................................................................... 71
AWE Suspends Jebel Al Milh-1 Well At Block 7 In Yemen............................................................................................................... 71
AWE Updates On Jebel Al Milh-1 Well At Block 7 In Yemen ........................................................................................................... 71
AWE Updates On Jebel Al Milh-1 Well At Block 7 In Yemen ........................................................................................................... 71
AWE Reaches Total Depth At Jebel Al Milh-1 Well In Block 7, Yemen ............................................................................................ 72
AWE Updates On Jebel Al Milh-1 Well At Block 7 In Yemen ........................................................................................................... 72
Kuwait Foreign Petroleum Exploration Company - Analysis Across the Oil and Gas Value Chain Report
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AWE Prepares Casing At Jebel Al Milh-1 Well In Block 7, Yemen ................................................................................................... 72
AWE Updates On Jebel Al Milh-1 Well In Block 7, Yemen ............................................................................................................... 72
AWE Updates On Jebel Al Milh-1 Well In Block 7, Yemen ............................................................................................................... 72
AWE Updates On Jebel Al Milh-1 Well At Block 7 In Yemen ........................................................................................................... 73
AWE Encounters Oil And Gas Shows At Jebel Al Milh-1 Well In Block 7, Yemen ........................................................................... 73
AWE Updates On Jebel Al Milh-1 Well In Block 7, Yemen ............................................................................................................... 73
AWE Updates On Jebel Al Milh-1 Well In Block 7, Yemen ............................................................................................................... 73
AWE Updates On Jebel Al Milh-1 Well In Block 7, Yemen ............................................................................................................... 74
Oil Search Updates On Jebel Al Milh-1 Well At Block 7 In Yemen ................................................................................................... 74
AWE Provides Jebel Al Milh-1 Well Drilling Update ......................................................................................................................... 74
AWE Updates On Jebel Al Milh-1 Well In Block 7, Yemen ............................................................................................................... 74
AWE Starts Drilling Jebel Al Milh-1 Well In Block 7, Yemen............................................................................................................. 74
Oil Search Updates On Korka 1 And Al Meashar-1 Wells ................................................................................................................ 75
AWE Updates On Al Meashar-1 Well In Yemen ............................................................................................................................... 75
AWE Provides Update On Al Meashar-1 Well .................................................................................................................................. 75
AWE Updates On Al Meashar-1 Well In Yemen ............................................................................................................................... 75
Oil Search Provides Drilling Update ................................................................................................................................................. 76
Oil Search Provides Drilling Update ................................................................................................................................................. 76
AWE Reports Open Hole Drill Stem Test At Al Meashar-1 Well In Block 7, Yemen ......................................................................... 77
Oil Search Provides Drilling Update ................................................................................................................................................. 77
Oil Search Updates On Al Meashar-1 Well In Block 7, Yemen ........................................................................................................ 77
Oil Search Updates On Al Meashar-1 Well In Block 7, Yemen ........................................................................................................ 78
Oil Search Updates On Al Meashar-1 Well In Block 7, Yemen ........................................................................................................ 78
AWE Provides Al Meashar-1 Drilling Update .................................................................................................................................... 78
AWE Provides Al Meashar-1 Drilling Update .................................................................................................................................... 78
Mitsui E&P Middle East Acquired Adelphi Energy Yemen From Adelphi Energy ............................................................................. 78
Kuwait Foreign Petroleum Exploration Company‘s Asset Details, Block CI-24 ................................................................................ 79
Svenska Petroleum Finds Gas At Virgo-1 Exploration Well In Block CI-24, Offshore Cote d‘Ivoire ................................................. 79
Svenska Petroleum Exploration Acquires 20% Working Interest In Block CI-24 In Ivory Coast ....................................................... 79
Kuwait Foreign Petroleum Exploration Company‘s Asset Details, WA-427-P (released as W08-16) ............................................... 80
Australia Awards 13 New Offshore Petroleum Exploration Permits In Commonwealth Waters ....................................................... 80
Kuwait Foreign Petroleum Exploration Company‘s Asset Details, Block 20 ..................................................................................... 81
Vietnam To Award Oil Exploration License To KUFPEC .................................................................................................................. 81
Mitra Energy Completes 2D Seismic Survey Over Blocks 19 And 20, Offshore Vietnam ................................................................ 82
Mitra Energy Signs Two Production Sharing Contracts With Petrovietnam...................................................................................... 82
Kuwait Foreign Petroleum Exploration Company‘s Asset Details, Block 19 ..................................................................................... 83
Vietnam To Award Oil Exploration License To KUFPEC .................................................................................................................. 83
Mitra Energy Completes 2D Seismic Survey Over Blocks 19 And 20, Offshore Vietnam ................................................................ 84
Mitra Energy Signs Two Production Sharing Contracts With Petrovietnam...................................................................................... 84
Kuwait Foreign Petroleum Exploration Company‘s Asset Details, Block 51 ..................................................................................... 85
Vietnam To Award Oil Exploration License To KUFPEC .................................................................................................................. 85
Kuwait Foreign Petroleum Exploration Company‘s Asset Details, SC 60 ......................................................................................... 86
Kuwait Foreign Petroleum Exploration Company‘s Asset Details, Block C 10 ................................................................................. 87
Kuwait Foreign Petroleum Exploration Company‘s Asset Details, WA-481-P .................................................................................. 88
Kufpec Awarded 30% Stake In WA-481-P In Western Australia ...................................................................................................... 88
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Zarghun South ............................................................................ 89
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Kuwait Foreign Petroleum Exploration Company‘s Asset Details,North Bardawil ............................................................................ 90
Eni Starts Gas Production At North Bardawil Field In Bardawil Concession, Egypt ......................................................................... 90
Trico Marine Wins $20 Million Contract For North Bardawil Project, Offshore Egypt ....................................................................... 90
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Geisum & Tawila West ............................................................... 91
KUFPEC And PICO Acquire Geisum And Tawila West Fields From Egyptian General Petroleum For $383 Million ....................... 91
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Ras Kanayes .............................................................................. 92
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,East Shabwah ............................................................................. 93
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Anoa ........................................................................................... 94
Premier Oil Provides Drilling Update ................................................................................................................................................ 94
Premier Oil Provides Update On Natuna Sea Block A In Indonesia ................................................................................................. 95
Premier Oil Provides Operations Update.......................................................................................................................................... 96
Premier Oil Reports Profit Of $62 Million In H1 2010 ....................................................................................................................... 98
Premier Oil Provides Operations Update.......................................................................................................................................... 99
Premier Oil Provides Operations Update........................................................................................................................................ 100
Premier Oil Provides Operations Update........................................................................................................................................ 102
Premier Oil Reports Profit Of $87 Million For Year-End 2008 ........................................................................................................ 104
Premier Provides Operational Update ............................................................................................................................................ 106
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Gajah Baru................................................................................ 110
Premier Oil Provides Production Update ........................................................................................................................................ 110
Premier Oil Provides Operations Update........................................................................................................................................ 112
Premier Oil Reports Profit After Tax Of $129.8m In 2010 .............................................................................................................. 112
Premier Oil Provides Operations Update........................................................................................................................................ 113
Premier Oil To Commence Production At Chim Sao Oil Field And Gajah Baru Gas Field By July 2011 ........................................ 115
Premier Oil Reports Profit Of $113 Million In 2009 ......................................................................................................................... 116
Premier Oil Provides Operations Update........................................................................................................................................ 116
Premier Oil Provides Operations Update........................................................................................................................................ 118
Saipem Wins $280 Million Offshore Contract In Indonesia............................................................................................................. 120
Indonesia To Start Operations At Six Oil And Gas Fields In 2010 .................................................................................................. 120
Premier To Invest $500 Million In Developing Gajah Bahru Gas Field, Indonesia ......................................................................... 121
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Seram Non Bula(Oseil) ............................................................. 122
Lion Energy Spuds Lofin-1 Exploration Well On Seram Island In Eastern Indonesia ..................................................................... 122
CITIC Expects To Spud LOFIN-1 Well In January 2012................................................................................................................. 123
Lion Energy Announces Next Crude Oil Lifting From Oseil Field In June 2011.............................................................................. 123
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Cendor (PM304) ....................................................................... 124
Petrofac Signs MoUs With PETRONAS ......................................................................................................................................... 124
Kencana Petroleum Receives MYR216m EPC Contract From Petrofac ........................................................................................ 125
Petrofac Provides Operations Update ............................................................................................................................................ 125
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Belud South .............................................................................. 126
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Bhit ........................................................................................... 127
Premier Oil Provides Operations Update........................................................................................................................................ 127
Pakistan's Oil Production Down By 6.2% In 2008-09 ..................................................................................................................... 129
Premier Receives Approval For Phase-2 Development Of Zamzama Gas Field In Pakistan ......................................................... 130
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Kadanwari ................................................................................. 131
Premier Oil Provides Operations Update........................................................................................................................................ 131
OGDCL Makes Two Gas Discoveries At Hyderabad District In Sindh Province ............................................................................. 133
Premier Oil Provides Operations Update........................................................................................................................................ 134
Kuwait Foreign Petroleum Exploration Company - Analysis Across the Oil and Gas Value Chain Report
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Premier Provides Operational Update ............................................................................................................................................ 135
Premier Receives Approval For Phase-2 Development Of Zamzama Gas Field In Pakistan ......................................................... 138
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Zamzama .................................................................................. 139
Premier Oil Provides Production Update ........................................................................................................................................ 139
Premier Oil Provides Operations Update........................................................................................................................................ 141
Premier Oil Provides Operations Update........................................................................................................................................ 143
Premier Reports 1H 2008 Results .................................................................................................................................................. 145
Premier Receives Approval For Phase-2 Development Of Zamzama Gas Field In Pakistan ......................................................... 147
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Alma (Ardmore redevelopment) ................................................ 148
EnQuest Provides Production Update ............................................................................................................................................ 148
EnQuest Reports Revenue Of $936m In 2011 ............................................................................................................................... 150
EnQuest Sanctions Development Of Alma And Galia Fields In UK ................................................................................................ 150
EnQuest Provides Interim Management Statement ....................................................................................................................... 151
EnQuest Provides Production And Development Update .............................................................................................................. 152
EnQuest Reports Revenue Of $511.4m In H1 2011 ...................................................................................................................... 152
EnQuest Announces Interim Management Statement ................................................................................................................... 153
KUFPEC To Acquire 35% Interest In Alma And Galia Oil Fields In UK North Sea From EnQuest For $500 Million ...................... 154
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Galia (Duncan redevelopment) ................................................. 155
EnQuest Provides Production Update ............................................................................................................................................ 155
EnQuest Reports Revenue Of $936m In 2011 ............................................................................................................................... 157
EnQuest Sanctions Development Of Alma And Galia Fields In UK ................................................................................................ 157
EnQuest Provides Interim Management Statement ....................................................................................................................... 158
EnQuest Reports Revenue Of $511.4m In H1 2011 ...................................................................................................................... 159
KUFPEC To Acquire 35% Interest In Alma And Galia Oil Fields In UK North Sea From EnQuest For $500 Million ...................... 160
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Wonnich & Wonnich Deep ........................................................ 161
HJV Resumes Gas Production From Varanus Island Project In Western Australia ....................................................................... 161
Tap Updates On Wonnich Deep-1 Exploration Well ....................................................................................................................... 162
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,West Cycad .............................................................................. 163
Tap Updates On West Cycad-2 Oil Development Well .................................................................................................................. 163
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Exeter ....................................................................................... 164
Santos Provides 2011 Production Update ...................................................................................................................................... 164
MCS And Qserv Execute Vacuum Test In Australia ....................................................................................................................... 165
Santos Recommences Production At Mutineer-Exeter Oilfield Offshore Australia ......................................................................... 166
Woodside Reports 2Q 2008 Results .............................................................................................................................................. 166
Woodside Reports Q3 2007 Results .............................................................................................................................................. 169
MODEC Starts Production From Mutineer-Exeter Field, Offshore Australia................................................................................... 172
MODEC Secures Santos Contract To Develop Mutineer-Exeter Field In Australia ........................................................................ 172
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Victoria ...................................................................................... 173
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,South Plato ............................................................................... 174
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Tanami ...................................................................................... 174
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Tanami(Others) ......................................................................... 175
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,North Alkimos ........................................................................... 175
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Rose ......................................................................................... 176
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Bambra ..................................................................................... 177
Tap Oil Provides Q2 2009 Operations Update ............................................................................................................................... 177
Tap Oil Encounters Oil At Bambra-9 Well On TL/1 License, Australia ........................................................................................... 178
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Tap Oil Spuds Bambra-9 Well In Production License TL/1, Australia ............................................................................................. 179
Tap Reports 2Q 2008 Results ........................................................................................................................................................ 179
Tap Reports 1Q 2008 Results ........................................................................................................................................................ 182
Tap Updates On Bambra East-3 Gas Development Well ............................................................................................................... 184
Tap Updates On Bambra-8h Well .................................................................................................................................................. 184
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Balnaves ................................................................................... 185
Technip Wins $60m Contract From Apache Energy For Development Of Balnaves Oil Field In North Western Australia ............. 185
Apache To Develop Balnaves Oil Field Offshore Western Australia .............................................................................................. 186
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Brunello (WA-356-P) ................................................................. 187
Chevron To Proceed With Construction Of Wheatstone Project In Western Australia ................................................................... 187
Apache's Subsidiary Wins Approval To Develop Julimar And Brunello Offshore Natural Gas Fields In Australia .......................... 188
Apache Signs Agreements To Sell LNG From Wheatstone To Tokyo Electric Power ................................................................... 188
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Julimar (WA-356-P) .................................................................. 189
GE Oil & Gas Wins Contract From Apache Energy For Julimar Development Project Offshore Western Australia ....................... 189
Chevron To Proceed With Construction Of Wheatstone Project In Western Australia ................................................................... 190
Apache's Subsidiary Wins Approval To Develop Julimar And Brunello Offshore Natural Gas Fields In Australia .......................... 190
Apache Signs Agreements To Sell LNG From Wheatstone To Tokyo Electric Power ................................................................... 191
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Fletcher-Finucane ..................................................................... 192
Technip Wins Flexible Supply Contract From Santos For Fletcher Finucane Development In Australia ........................................ 192
Santos Approves $490m For Fletcher Finucane Oil Project In Carnarvon Basin Offshore Western Australia ............................... 193
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Chinguetti.................................................................................. 194
Premier Oil Provides Operations Update........................................................................................................................................ 194
Sterling Energy Provides Operations Update ................................................................................................................................. 197
Roc Oil Reports Total Sales Of $49.3 Million In Q1 2010 ............................................................................................................... 198
Roc Oil Provides Operations Update .............................................................................................................................................. 200
Sterling Energy Reports Turnover Of $43.3 Million In H1 2009 ...................................................................................................... 202
Tullow Mauritania, Tullow Petroleum And Tullow Chinguetti To Acquire Interest In Mauritania Offshore Blocks From Roc Oil
(Mauritania) And Roc Oil (Chinguetti) For $4 Million ...................................................................................................................... 203
Roc Oil Company To Sell Its Interest In Production Sharing Contracts .......................................................................................... 204
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Tevet ......................................................................................... 205
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Banda ....................................................................................... 205
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Tiof, Tiof West ........................................................................... 206
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Little Sandy ............................................................................... 206
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Gipsy ........................................................................................ 207
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Pedirka ..................................................................................... 208
Central Petroleum To Spud Its First Well In 2009 Phase One Exploration Programme ................................................................. 208
Central Petroleum, EIR To Assess CSG Potential Of NT Block In Australia .................................................................................. 209
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Harriet ....................................................................................... 210
Tap Oil Reports Total Oil And Gas Revenue Of AUD11.3 Million In Q3 2009 ................................................................................ 210
Tap Oil Reports Revenue Of AUD34.8 Million In H1 2009 ............................................................................................................. 211
Tap Oil Provides Q2 2008 Operational Update .............................................................................................................................. 213
AusGroup Wins $41.1 Million Contract For Apache's Reindeer Natural Gas Project ..................................................................... 215
Tap Reports 1Q 2008 Results ........................................................................................................................................................ 215
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Simpson .................................................................................... 218
Tap Oil Updates On Harriet Joint Venture Production In Western Australia ................................................................................... 218
Tap Oil Updates On Simpson-9 And Simpson-10 Wells In Permit TL/6 ......................................................................................... 219
Kuwait Foreign Petroleum Exploration Company - Analysis Across the Oil and Gas Value Chain Report
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Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Lee ............................................................................................ 220
Tap Discovers Gas At Lee-4 Well In Permit TL/1, Australia ........................................................................................................... 220
Tap Oil Updates On Lee-4 Well In Permit TL/1, Australia .............................................................................................................. 220
Tap Oil Updates On Simpson-9 And Simpson-10 Wells In Permit TL/6 ......................................................................................... 221
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Gudrun ...................................................................................... 222
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Double Island ............................................................................ 222
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Artreus ...................................................................................... 223
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Albert ........................................................................................ 223
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Mohave ..................................................................................... 224
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Sidi El Kilani .............................................................................. 225
China National Petroleum Acquires 50% Working Interest In North Kairouan And SLK Oilfield..................................................... 225
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Ujung Pangkah ......................................................................... 226
Hess Commences Production From Ujung Pangkah Field In Indonesia ........................................................................................ 226
Hess Declares 2009 Capital And Exploratory Budget .................................................................................................................... 226
Kuwait Foreign Petroleum Exploration Acquires ConocoPhillips Pangkah ..................................................................................... 227
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Agincourt................................................................................... 228
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Mutineer .................................................................................... 229
Santos Provides 2011 Production Update ...................................................................................................................................... 229
Santos Q1 2009 Revenue Down 15% ............................................................................................................................................ 230
MCS And Qserv Execute Vacuum Test In Australia ....................................................................................................................... 233
Santos Recommences Production At Mutineer-Exeter Oilfield Offshore Australia ......................................................................... 233
Santos Starts Closing Mutineer-Exeter Oil Field In Australia.......................................................................................................... 233
Tap Oil Provides Q2 2008 Operational Update .............................................................................................................................. 233
Santos Shuts Mutineer-Exeter Oilfield, Offshore Western Australia ............................................................................................... 235
Tap Oil Updates On Fletcher-4 Well In WA-191-P, Australia ......................................................................................................... 235
Santos Reports 3Q 2008 Results ................................................................................................................................................... 236
Woodside Reports 2Q 2008 Results .............................................................................................................................................. 236
Santos Fails To Find Oil In Adams-1 Well ...................................................................................................................................... 239
Woodside Reports Q1 2008 Results .............................................................................................................................................. 240
Santos Reports Q4 2007 Results ................................................................................................................................................... 241
Santos Updates On Mutineer-13 Appraisal Well ............................................................................................................................ 241
Santos Declares Q3 2007 Production Results ............................................................................................................................... 242
Woodside Reports Q3 2007 Results .............................................................................................................................................. 243
Santos Declares Q2 2007 Production Results ............................................................................................................................... 246
MODEC Starts Production From Mutineer-Exeter Field, Offshore Australia................................................................................... 247
MODEC Secures Santos Contract To Develop Mutineer-Exeter Field In Australia ........................................................................ 247
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Qadirpur .................................................................................... 248
Premier Oil Provides Production Update ........................................................................................................................................ 248
Premier Oil Provides Operations Update........................................................................................................................................ 250
SNGPL To Soon Resume Gas Supplies From Qadirpur Field, Pakistan ....................................................................................... 252
Premier Oil Provides Operations Update........................................................................................................................................ 252
Pakistan's Oil Production Down By 6.2% In 2008-09 ..................................................................................................................... 254
OGDCL Encounters Gas At Qadirpur Deep Well In Pakistan ......................................................................................................... 255
OGDCL Being Directed To Double Oil And Gas Production In Next 16 Months ............................................................................ 255
Premier Receives Approval For Phase-2 Development Of Zamzama Gas Field In Pakistan ......................................................... 255
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Yacheng.................................................................................... 257
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Aker Solutions Signs Subsea Contract With CNOOC .................................................................................................................... 257
Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Jannah ...................................................................................... 258
Kuwait Foreign Petroleum Exploration Company, Liquefaction Capacity by Country (Million Tonnes), 2003 - 2015 ..................... 259
Kuwait Foreign Petroleum Exploration Company, Liquefaction Capacity in Australia(Million Tonnes), 2004-2016 ........................ 259
Kuwait Foreign Petroleum Exploration Company, LNG Liquefaction Terminal, Wheatstone LNG ................................................. 260
Kuwait Foreign Petroleum Exploration Company's Liquefaction Terminal Capacity Details, Wheatstone LNG ............................. 260
Wilson Transformer Secures $21m Contract For Wheatstone LNG Project In Australia ................................................................ 260
Chevron To Supply More LNG To TEPCO ..................................................................................................................................... 261
Chevron To Supply LNG To Tohoku Electric .................................................................................................................................. 261
Apache And Partners Sign Agreements To Sell LNG To Chubu Electric Power ............................................................................ 261
Chevron To Supply LNG To Chubu Electric ................................................................................................................................... 262
Thiess Wins $500m Contract From Chevron For Wheatstone LNG Tankers Project In Western Australia .................................... 262
Thiess Joint Venture Wins $260m Contract For Wheatstone Project ............................................................................................. 263
John Holland Wins $240m Contract From Bechtel Australia For Wheatstone Project ................................................................... 263
Kencana Petroleum Secures Contract From Bechtel For LNG Processing Facility In Australia ..................................................... 264
WorleyParsons Wins Wheatstone Construction Management Contract From Chevron ................................................................. 264
Kufpec Australia Provides Update On Wheatstone LNG Project .................................................................................................... 265
Chevron Receives Australian Commonwealth Government Environmental Approval For Wheatstone Project In Western Australia
....................................................................................................................................................................................................... 265
Apache And Its Partners Sign Agreements With Kyushu Electric To Sell Liquefied Natural Gas From Wheatstone Project ......... 265
Chevron Secures Environmental Approval For Wheatstone Project From Western Australian Government ................................. 266
Chevron Welcomes EPA Report On Wheatstone Project .............................................................................................................. 266
Apache Signs Agreement With Chevron And TEPCO Regarding LNG Sales From Wheatstone Project In Western Australia ..... 267
Chevron And CNPC Sign MoU On Wheatstone LNG Supply ......................................................................................................... 267
Western Australia To Trigger Land Acquisition Process For LNG Precinct Project ........................................................................ 267
Chevron Signs HoA With Onslow Government For Wheatstone Gas Project ................................................................................ 269
Chevron, KOGAS Sign LNG Agreements For Wheatstone Project In Australia ............................................................................. 269
Wood Group Wins Contract For Chevron's Wheatstone LNG Plant In Australia ............................................................................ 270
Chevron Sticks To Its Wheastone LNG Investment Decision ......................................................................................................... 270
Chevron Signs Multiple HOAs With Kyushu Electric Power For LNG ............................................................................................ 270
Chevron Australia Awards AUD20 Million LNG Project To Golder Associates ............................................................................... 271
Chevron Expects To Sign Wheatstone LNG Agreement With KOGAS .......................................................................................... 271
Chevron, TEPCO Sign HOA For Wheatstone LNG ........................................................................................................................ 272
Chevron Awards Engineering, Design Contracts For Wheatstone LNG Project In Western Australia ........................................... 272
Chevron Awards FEED Contract For Wheatstone Gas Project In Northwest Australia .................................................................. 273
Chevron Confirms Field Appraisal Program In Australia ................................................................................................................ 273
Chevron Selects Site For Proposed LNG Project In Australia ........................................................................................................ 273
Tokyo Electric Power Acquires Interests In Wheatstone Field Licenses And Natural Gas Processing Facilities From Chevron.... 274
Apache Julimar And KUFPEC Australia (Julimar) Form Partnership With Chevron ....................................................................... 275
KOGAS Terminates Acquisition Of 5% Stake In Wheatstone Project From Chevron .................................................................... 275
Kuwait Foreign Petroleum Exploration Company, Natural Gas Pipelines in Australia .................................................................... 276
Kuwait Foreign Petroleum Exploration Company, Natural Gas Pipelines in China ........................................................................ 277
Kuwait Foreign Petroleum Exploration Company, Crude Oil pipelines in Tunisia ........................................................................... 278
Kuwait Foreign Petroleum Exploration Company, Pipeline Details, Sidi El Kilani- La Skhirra Pipeline .......................................... 279
Kuwait Foreign Petroleum Exploration Company, Pipeline Details, Wheatstone- Wheatstone LNG Export Pipeline ..................... 280
Kuwait Foreign Petroleum Exploration Company, Pipeline Details, Yacheng- Dongfan Gas Pipeline (CNOOC Limited) .............. 280
Kuwait Foreign Petroleum Exploration Company - Analysis Across the Oil and Gas Value Chain Report
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Kuwait Foreign Petroleum Exploration Company, Pipeline Details, Yacheng- Hong Kong Gas Pipeline (CNOOC Limited) .......... 281
Kuwait Foreign Petroleum Exploration Company, Gas Processing Plants in Pakistan .................................................................. 282
Kuwait Foreign Petroleum Exploration Company, Gas Processing Plant Details, Bhit GPP- Eni ................................................... 283
Kuwait Foreign Petroleum Exploration Company, Gas Processing Plant Details, Qadirpur GPP- OGDCL ................................... 284
Kuwait Foreign Petroleum Exploration Company, Key Employees, ............................................................................................... 285
Kuwait Foreign Petroleum Exploration Company, Major Products and Services ........................................................................... 286
Kuwait Foreign Petroleum Exploration Company, Other Locations ................................................................................................ 292
Kuwait Foreign Petroleum Exploration Company, Subsidiaries...................................................................................................... 292
Kuwait Foreign Petroleum Exploration Company, SWOT Analysis ................................................................................................ 294
Kuwait Foreign Petroleum Exploration Company, Key Competitors ............................................................................................... 297
List of Figures
Kuwait Foreign Petroleum Exploration Company, Number of Exploration Blocks, by Country, 2002-2011 ...................................... 17
Kuwait Foreign Petroleum Exploration Company, Equity Weighted Gross Crude Oil Production (BBls), by Country, 2002-2011 ... 19
Kuwait Foreign Petroleum Exploration Company, Equity Weighted Natural Gas Production (MMcf), by Country, 2002-2011 ........ 20
Kuwait Foreign Petroleum Exploration Company, Liquefaction Capacity by Country (Million Tonnes), 2004-2016 ....................... 259
Kuwait Foreign Petroleum Exploration Company - Analysis Across the Oil and Gas Value Chain Report
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Company Snapshot
Company Overview
Kuwait Foreign Petroleum Exploration Company (KUFPEC) a subsidiary of Kuwait Petroleum Corporation (KPC) is an energy
company. It explores, develops and produces oil and natural gas. KUFPEC key asset base consists of offshore and onshore
exploration leases and oil and gas properties. The company participates in joint ventures with other upstream energy companies
as an operator and partner. It has geographic presence in Africa, Middle East, Asia and Australia. The company holds various
exploration properties in Tunisia, Indonesia, Australia, Egypt and Pakistan. KUFPEC is headquartered in Safat, Kuwait.
The company focuses on acquiring new properties and discovery of gas to enhance operational efficiency. Recently the company
entered into an agreement to gain 35% interest in EnQuest‘s Alma and Galia oil field developments in the UK North Sea for
US$500m. The company's SEAR Indonesia Natuna Exploration Well WL-5(X) discovered approximately100 Bcf of gas from a new
deep reservoir.
Key Information
Kuwait Foreign Petroleum Exploration Company, Key Facts
Web Address
Financial year-end:
Source: Company Website, Annual Reports
Kuwait Foreign Petroleum Exploration Company - Analysis Across the Oil and Gas Value Chain Report
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Kuwait Foreign Petroleum Exploration Company , Exploration and Production Summary
Kuwait Foreign Petroleum Exploration Company , Active Exploration Blocks, by Country, 2002-2011
Kuwait Foreign Petroleum Exploration Company, Number of Exploration Blocks, by Country, 2002-2011
Source: GlobalData
Kuwait Foreign Petroleum Exploration Company - Analysis Across the Oil and Gas Value Chain Report
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Kuwait Foreign Petroleum Exploration Company, Number of Exploration Blocks, by Country, 2002-2011
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Australia
Indonesia
Mauritania
Algeria
Pakistan
Sudan
Tunisia
Cote
d'Ivoire
Egypt
Malaysia
Republic
of the
Congo
Syrian
Arab
Republic
Vietnam
Yemen
Philippine
s
Source: GlobalData
Kuwait Foreign Petroleum Exploration Company - Analysis Across the Oil and Gas Value Chain Report
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Page 21
Kuwait Foreign Petroleum Exploration Company, Crude Oil and Natural Gas Production By Fields
Kuwait Foreign Petroleum Exploration Company, Crude Oil Production
Kuwait Foreign Petroleum Exploration Company, Crude Oil Production in Australia, By Fields
Kuwait Foreign Petroleum Exploration Company, Crude Oil Production (BBls) By Fields in Australia, 2002-2011
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Agincourt
Albert
Artreus
Bambra
Double
Island
Exeter
Gipsy
Gudrun
Harriet
Lee
Little
Sandy
Mohave
Mutineer
North
Alkimos
Pedirka
Rose
Simpson
South
Plato
Tanami
Victoria
West
Cycad
Wonnich
&
Wonnich
Deep
Source: GlobalData
Kuwait Foreign Petroleum Exploration Company - Analysis Across the Oil and Gas Value Chain Report
Reference Code: GDGE173AAD
© GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form
Page 22
Kuwait Foreign Petroleum Exploration Company, Crude Oil Production in Egypt, By Fields
Kuwait Foreign Petroleum Exploration Company, Crude Oil Production (BBls) By Fields in Egypt, 2002-2011
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Geisum &
Tawila
West
Ras
Kanayes
Source: GlobalData
Kuwait Foreign Petroleum Exploration Company, Crude Oil Production in Indonesia, By Fields
Kuwait Foreign Petroleum Exploration Company, Crude Oil Production (BBls) By Fields in Indonesia, 2002-2011
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Anoa
Seram
Non
Bula(Oseil
)
Ujung
Pangkah
Source: GlobalData
Kuwait Foreign Petroleum Exploration Company, Crude Oil Production in Malaysia, By Fields
Kuwait Foreign Petroleum Exploration Company, Crude Oil Production (BBls) By Fields in Malaysia, 2002-2011
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Cendor
(PM304)
Source: GlobalData
Kuwait Foreign Petroleum Exploration Company, Crude Oil Production in Pakistan, By Fields
Kuwait Foreign Petroleum Exploration Company, Crude Oil Production (BBls) By Fields in Pakistan, 2002-2011
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Bhit
Kadanwari
Qadirpur
Zamzama
Source: GlobalData
Kuwait Foreign Petroleum Exploration Company - Analysis Across the Oil and Gas Value Chain Report
Reference Code: GDGE173AAD
© GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form
Page 23
Kuwait Foreign Petroleum Exploration Company, Crude Oil Production in Tunisia, By Fields
Kuwait Foreign Petroleum Exploration Company, Crude Oil Production (BBls) By Fields in Tunisia, 2002-2011
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Sidi El
Kilani
Source: GlobalData
Kuwait Foreign Petroleum Exploration Company, Crude Oil Production in Yemen, By Fields
Kuwait Foreign Petroleum Exploration Company, Crude Oil Production (BBls) By Fields in Yemen, 2002-2011
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
East
Shabwah
Jannah
Source: GlobalData
Kuwait Foreign Petroleum Exploration Company, Crude Oil Production in Mauritania, By Fields
Kuwait Foreign Petroleum Exploration Company, Crude Oil Production (BBls) By Fields in Mauritania, 2002-2011
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Chinguetti
Source: GlobalData
Kuwait Foreign Petroleum Exploration Company - Analysis Across the Oil and Gas Value Chain Report
Reference Code: GDGE173AAD
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Page 305
Appendix
The data and analysis within this report is driven by GlobalData. GlobalData gives you key information to drive sales, investment and deal making activity in your business. Our coverage includes 200,000 + reports on 185,000+ companies (including 150,000+ private) across 200+ countries and 29 industries. The key industries include Alternative Energy, Oil & Gas, Clean Technology, Technology and Telecommunication, Pharmaceutical and Healthcare, Power, Financial Services, Chemical and Metal & Mining.
Market Definitions
Company Oil and Gas Production by Field denotes Gross Annual Production of the Field. Capacities of assets (as given in this report) are design (maximum) capacities. All the capacities are annual capacities as on 31st December of every year. Capacities of companies are equity weighted, where capacity ownerships are either through direct equity stakes or indirect equity stakes (through subsidiaries). Withdrawal Rate of Underground Gas Storage assets for companies is not equity weighted.
Oil and Gas Pipelines
- All the pipelines included in this report are major, trunk crude oil, petroleum product and natural gas pipelines. - Gathering and Distribution pipelines (flow lines, spur lines, loop lines, etc...) are not included.
Methodology
GlobalData‘s dedicated research and analysis teams consist of experienced professionals with a pedigree in marketing and market
research, consulting backgrounds in the energy industry and advanced statistical expertise.
GlobalData adheres to the Codes of Practice of the Market Research Society (www.mrs.org.uk) and the Society of Competitive
Intelligence Professionals (www.scip.org).
Coverage
The Objective of updating GlobalData‘s coverage is to ensure that it represents the most up to date vision of the industry possible.
Changes to the industry taxonomy are built on the basis of extensive research of company, association and competitor sources.
Company coverage is based on three key factors: market capitalization, revenues and media attention/innovation/market potential.
An exhaustive search of 56 member exchanges is conducted and companies are prioritized on the basis of their market
capitalization.
The estimated revenues of all major companies, including private and governmental, are gathered and used to prioritize coverage.
Companies which are making the news, or which are of particular interest due to their innovative approach, are prioritized.
GlobalData aims to cover all major news events and deals in the energy industry, updated on a daily basis.
The coverage is further streamlined and strengthened with additional inputs from GlobalData‘s Expert Panel (see below).
Secondary Research
The research process begins with exhaustive secondary research on internal and external sources being carried out to source
qualitative and quantitative information relating to each market.
The secondary research sources that are typically referred to include, but are not limited to:
Company websites, annual reports, financial reports, broker reports, investor presentations and SEC Filings.
Industry trade journals and other literature.
Internal and external proprietary databases.
Kuwait Foreign Petroleum Exploration Company - Analysis Across the Oil and Gas Value Chain Report
Reference Code: GDGE173AAD
© GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form
Page 306
National government documents, statistical databases and market reports.
News articles, press releases and web-casts specific to the companies operating in the market.
Primary Research
GlobalData conducts hundreds of primary interviews a year with industry participants and commentators in order to validate its
data and analysis. A typical research interview fulfills the following functions:
It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook, and so
on.
Helps in validating and strengthening the secondary research findings.
Further develops the analysis team‘s expertise and market understanding.
Primary research involves e-mail correspondence and telephone interviews as well as face-to-face interviews for each market,
category, segment and sub-segment across geographies.
The participants who typically take part in such a process include, but are not limited to:
Industry participants: CEOs, VPs, business development managers, market intelligence managers and national sales managers.
Outside experts: investment bankers, valuation experts, research analysts and key opinion leaders specializing in oil and gas
markets.
Expert Panel Validation
GlobalData uses a panel of experts to cross verify research and forecast methodologies and drive its analytical content.
The GlobalData expert panel comprises marketing managers, product specialists, international sales managers from energy
companies; academics and geologists from research universities, consultants from venture capital funds and distributors/suppliers
of oil and gas goods and services.
Details of the make up of the expert panel can be viewed through the website, and are available to clients on request
Disclaimer
All Rights Reserved.
No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form by any means, electronic,
mechanical, photocopying, recording or otherwise, without the prior permission of the publisher, GlobalData.