Work to begin on well after deal

June 22, 2021

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.

PROJECTS: KUFPEC’s Malaysia oil discovery ‘significantly more’ than expected – CEO

February 18, 2021

Dateline 2021-02-03, Zawya:

Kuwait Foreign Petroleum Exploration Company’s (KUFPEC) oil discovery in Malaysia is significantly more than expected, the company’s CEO said.

Shaikh Nawaf Saud Al-Sabah told the Atlantic Global Energy Forum 2021 last month that it is one of the top finds over the past couple of years.

“We are in the process of doing the appraisal right now and all indications are that it will be quite significantly more than what we initially expected,” he said.

The discovery, in Block SK-410B located 90 kilometres offshore Sarawak, is estimated to be multi-TCF gas, according to a KUFPEC press release. It said the exploration well encountered a gross gas column of 252 metres.