Otto Energy Limited on behalf of the Galoc Joint Venture Partners in the Philippines, announces that Kuwait Foreign Petroleum Exploration Company (“KUFPEC”) has become a partner in the Galoc joint venture. The Galoc field is located in Service Contract SC14-C (Galoc Sub Block) in 290m of water approximately 65km North West of Palawan Island and 350km south of [...]
India’s Punj Lloyd Group, a leading engineering, procurement and construction (EPC) conglomerate, today announced receiving an offshore project in Al‐Khafji, Saudi Arabia from Al Khafji Joint Operations. The project, worth Rs. 314 crores (USD 57.75 million), is scheduled for commissioning in September, 2014. Al‐Khafji Joint Operations (KJO) is a joint operation of two national companies ‐ Aramco Gulf Operations [...]
Grandweld Shipyards, a Dubai-based shipbuilder, has announced the signing of a contract with Kuwait Oil Company to design and build a series of four Crane / Workboat class vessels. The contract is valued at a total of USD 50m over the duration of the build. Grandweld’s Crane/Work boats are designed and built in-house to meet [...]
Finland’s Wärtsilä, the marine industry’s leading solutions and services provider, has been awarded the contract to supply the engines and complete propulsion systems for two newbuild vessel projects. The order includes a total of 28 engines for 14 vessels being built for the Kuwait Oil Company, and represents a major order for Wärtsilä from a [...]
November 6, 2012 | Posted in
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Iranian Offshore Oil Company managing director announced that the Islamic Republic of Iran is ready to cooperate with Kuwait, to jointly develop Arash field. Mahmoud Zirkchiyanzadeh said: “Iran emphasize on its positive diplomacy for development of Arash field and is ready to cooperate with Kuwait. He added: “Offshore Oil Company perform activities in the Arash [...]
July 23, 2012 | Posted in
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Iran decided to develop the Arash gas field on its own if Kuwait doesn’t answer to an offer to develop the field together. Iran said it would launch full-scale development of the offshore Arash gas field in the Persian Gulf if Kuwait does not respond to its offer of joint development, Fars News Agency reported. [...]
![KUFPEC Eagerly Anticipating Final Investment Decision for Wheatstone LNG Project in Australia]()
The Kuwait Foreign Petroleum Exploration Company (Kufpec) expects D-Day in August for a final investment decision on its participation in… Source: The National.ae Source:The National, April 8, 2011;
![WorleyParsons to Support E&P in Offshore Divided Zone Between Saudi Arabia and Kuwait]()
Khafji Joint Operations (KJO) has awarded WorleyParsons’ offices in London a contract to provide general engineering services in support of the exploration and production of the hydrocarbon reserves in the offshore divided zone in the border area between the Kingdom of Saudi Arabia and Kuwait. Award of Khafji Joint Operations contract KJO is an [...]
March 18, 2011 | Posted in
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