Established in April 1981 by its parent company Kuwait Petroleum Corporation (KPC), Kuwait Foreign Petroleum Exploration Company (KUFPEC) is an international upstream company, engaged in exploration, development and production of crude oil and natural gas outside the State of Kuwait
KUFPEC is active in 13 countries spanning five continents: Australia, Asia, Africa, North America and Europe.
Sustainability is the key to our survival on this planet and will also determine success on all levels.
Stay up to date with what's going on at KUFPEC. News and Events, Financial Reports and Publications.
KUFPEC’s South-East Asia Region (SEAR) continues to be a potential growth area for the Company during 2017, with net production of 37,202 boepd.
The highlights of the year included a swap agreement in Pakistan pending final government approval where 35% of KUFPEC’s working interest in Paharpur will be farmed out to Pakistan Petroleum Limited (PPL) in exchange for 35% in Bela West Block operated by PPL in Pakistan. Additionally, KUFPEC acquired 2D seismic in Paharpur and plans to drill one exploratory well by the end of Q3 2018. Finally, a Memorandum of Understanding (MOU) is expected to be signed with the Government of Pakistan for the acquisition of the Makhad exploration Block located in Potwar Basin.
In Indonesia Natuna Sea Block A (NSBA), WL-5X well was re-completed into deeper “Lama” Formation in 2017 with encouraging results. Further development programs are ongoing to backfill gas supply contracts to Singapore and domestic market.
In Malaysia PM-304, KUFPEC drilled two wells in the West of Desaru field (WD). Both wells are currently on production.
Paharpur KUFPEC: 95.07%
Paharpur was awarded on 13 March 2015 to KUFPEC as an operator. The block covers an area of about 2,261 kms2 and is located in northeastern Pakistan. Existing oil and gas/condensate fields in are present with multiple reservoirs in the north and east of Bannu/Kohat Basin and Potwar basin respectively. The minimum work commitment consisted of 2D seismic acquisition plus two exploratory wells. Acquisition, processing and preliminary interpretation of 1192 kilometers 2D seismic was completed. Plans are already set to spud first exploratory well by the end of Q3 2018. Additionally, KUFPEC farmed out 2.5% and 2.43% respectively to Central and Provincial Government Holdings companies as per the contractual obligations. Furthermore, KUFPEC is in the final stage pending government approval of farming out 35% of its working interest to PPL in exchange for 35% in Bela West Block operated by PPL.
Bhit and Badhra KUFPEC: 34%
Bhit and Badhra gas fields are located in the Kirthar fold belt area of the Lower Indus basin. During 2017, KUFPEC net share production averaged 11,231 boepd. Bhit field is in decline phase but production was sustained due to the installation of Baby Booster Compressors (Third phase of compression) which was initiated in Q1 2016 to recover additional incremental reserves until 2022.
Successful well intervention jobs were performed on seven Bhit wells to perforate Khadro formation (a secondary reservoir). An additional production of ~15-20 MMscfpd was achieved resulting in 10 BCF of additional reserves. Bhit Khadro Development plan was approved by the regulator in 2017 and included additional production from Khadro the existing Bhit Development and Production Lease (D&PL). During 2017, 21 wells were producing, 14 from Bhit and seven from Badhra. In Badhra field, JVPs approved one development well (Badhra SW-1) to be drilled during 2018. Technical evaluation continues to finalize one more development well in Badhra. KUFPEC’s net share production from Bhit averaged 6,586 boepd during 2017. KUFPEC’s net share production from Badhra averaged 4,645 boepd during 2017.
Sukhpur KUFPEC: 25%
Sukhpur, which is located just north and east of Badhra gas field, was farmed-in in 2010 with a minimum work commitment of 2D seismic acquisition plus two exploratory wells. The first exploratory well, Lundali-1 was drilled in 2013 and tested good quantities of gas from the secondary objective of Khadro formation. The well produced under extended well testing period (EWT), but due to limited accumulation, the production was terminated after 11 months as the well became uneconomic to produce. The regulator granted a 12 months extension up to 20 May 2018 to allow fulfilling the remaining one well commitment. The JVPs approved the second well location and spudded on 27 December 2017.
Qadirpur KUFPEC: 13.25%
Qadirpur gas field is the second largest field in Pakistan. Four development wells were drilled and commissioned during 2017
to sustain the production. Four additional wells are planned to be drilled during 2018. Technical studies were carried out to determine the deeper potential of the field. JVPs are planning to drill Qadirpur Deep-2 well in early Q3 2018. A revised development plan was submitted to the regulator to secure an additional five years extension in the D&PL, expiring by the end of 2017 and currently awaiting regulatory approval. KUFPEC’s net share production from Qadirpur averaged 6,738 boepd during 2017.
Kadanwari KUFPEC: 15.789%
Kandanwari gas field gross production was substantially lower than the previous years due to watering-out of some wells and leakages in the Kadanwari-19 flowline. One development well was drilled and commissioned during 2017 and another well is planned to be drilled in 2018. Plant modifications/upgrades to be carried out to increase the capacity of the facility along with the compressors’ restaging / relocation jobs. The regulator granted an additional five-years extension in the D&PL, expiring 2 December 2022. KUFPEC’s net share production from Kandanwari averaged 708 boepd during 2017.
Zamzama KUFPEC: 9.375%
Zamzama gas field is on natural decline. During 2017, well intervention jobs on eight wells were successfully carried out, resulting in an increase of production of ~12-15 MMscfpd and ~9 BCF of additional reserves from Khadro. Drilling, completion and testing of one PAB infill well are planned for 2018, including the restaging of compressors. KUFPEC’s net share production from Zamzama averaged 1,144 boepd during 2017.
Zarghun South KUFPEC: 3.75%
Zarghun South a small gas field with the current average sales of 15 MMscfpd. One development well was successfully drilled during 2016 which was commissioned in early 2017. Technical evaluations are ongoing to finalize one well to be drilled during
2018 to maintain the production level. KUFPEC’s net share production from Zarghun South averaged 95 boepd during 2017.
PM-304 KUFPEC: 25%
The PM-304 Production Sharing Contract (PSC) is located offshore, east Peninsular Malaysia. The block contains two producing oil fields, Cendor and West Desaru, and other undeveloped fields, namely Irama, East Desaru, Cendor Graben, East Cendor and Kemasik. Cendor and West Desaru fields were brought online in 2006 and 2013 respectively. In 2017 the Joint Venture Partners (JVPs) continued Asset Improvements Projects (AIPs) in the block and maintained production levels through Reservoir Management Plans (RMPs). Two development wells were drilled in 2017.
KUFPEC’s net share of production from the PM-304 PSC during 2017 averaged 3,693 boepd. The JVPs are assessing further development of the remaining fields in PM-304.
SK-410B KUFPEC: 42.5% working interest, 50% during exploration
SK-410B is an exploration block located offshore Serawak, with a water depth ranging from 50 to 100 meters. PSC was signed on 22 July 2016 and will expire on 21 July 2019.
The minimum work commitment includes re-processing 504 km2 of existing 3D seismic, acquisition and processing of 500 km2 of new 3D seismic data and drilling one wildcat well. The acquisition of new seismic was completed but reprocessing of the existing seismic and newly acquired seismic is ongoing.
Future plans for the block consist of Geological and Geophysical (G&G) work and studies completion as well as drilling the commitment well by Q4 2018.
SK-304 KUFPEC: 35% working interest, 41.18% during exploration
SK-304 is an exploration block located offshore Serawak, with a water depth ranging from 70 to 110 meters. PSC was signed on 23 May 2018 and the expiry June 2022 (four years).
The minimum work commitments are to acquire new 3D seismic and drill one wildcat well, with an option to enter into second exploration phase with one wildcat well commitment.
Natuna Sea Block A KUFPEC: 33.33%
Natuna Sea Block A (NSBA) is located in the Indonesian Natuna Sea and has been supplying gas to Singapore from the Anoa field since 2001 and Gajah Baru field since 2011. Both the Naga field and Pelikan first gas production commenced in November 2014 and in March 2015, respectively. The WL-5X well was re-completed into the deeper “Lama” Formation in 2017 with encouraging testing results. Further development programs are ongoing to backfill gas supply contracts to Singapore and domestic market. The Bison, Iguana and Gajah Putri fields (BIGP) project development consists of drilling 3 wells in BIGP with first gas expected in Q3 2019 along with infill well (GB-8) in Gajah Baru field in the same drilling campaign. Temporary Plug and Abandonment (P&A) programs for 4 high-risk wells have been completed.
KUFPEC’s net share of average production from the NSBA PSC during 2017 was 11,403 boepd.
Ephindo KUFPEC: 40% shareholders of Ephindo Company
During 2013 KUFPEC acquired 40% of Ephindo Company, which holds varying working interests in seven Coal Bed Methane (CBM) PSCs. Four out of the seven CBM had already expired and three remain for exploration activities. These CBM PSCs are located in East Kalimantan and South Sumatra and are primarily in the exploration and appraisal stage. KUFPEC’s 40% interest is under the divestment process.