Indonesian Political, Business & Finance News

Kuwait discovers gas in RI

| Source: AFP

Kuwait discovers gas in RI

KUWAIT CITY (AFP): Kuwait's state company responsible for producing oil abroad said on Sunday it had discovered natural gas in an exploration well off the coast of Indonesia.

"Wireline logging information has proven substantial gas column in eight separate reservoir sands" in Natuna Sea Block A, Kuwait Foreign Petroleum Exploration Company (KUFPEC) said in a statement.

KUFPEC has a one-third stake in the major exploration deal in Indonesia, while operator Premier Oil Natuna Sea Ltd. has the remainder.

The discovered gas will be exported to Singapore via a 640 km (400 miles) underwater pipeline.

KUFPEC is currently also involved in oil production in Australia, China, Egypt, Pakistan, Sudan, Tunisia and Yemen.

View JSON | Print