Work to begin on well after deal


Dateline 2021-05-10, Arab Times:

The CEO of the Kuwait Foreign Petroleum Exploration Company (KUFPEC) Sheikh Nawaf Saud Al-Sabah told MEED Magazine that the company is negotiating with the Malaysian government on the financial terms related to a major gas discovery off the coast of Malaysia, reports Al-Anba daily. In February, KUFPEC announced its largest ever discovery of hydrocarbons by drilling a well about 90 kilometers off the Malaysian coast. In an interview with MEED Magazine, Sheikh Nawaf explained that the work on the initial engineering designs for the development of the well will begin once the financial terms are agreed upon.

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