Kuwait's KUFPEC Starts Production at LNG Project in Australia

Source: www.gulfoilandgas.com 10/9/2017, Location: Not categorized

Kuwait Foreign Petroleum Exploration Company k.s.c.c. (“KUFPEC”) announced that its first investment in international liquefied natural gas (LNG) production through the Wheatstone LNG Project in Australia has now commenced production.

KUFPEC was a foundation partner in the 2008 exploration success that discovered the significant offshore gas reserves allowing for the Wheatstone LNG Project to be realized. With 13.4% of the Project, KUFPEC is the second-largest partner in the project behind the operator, Chevron Australia.

At full capacity, the Wheatstone Project’s two-train LNG facility will supply customers 8.9 MTPA (metric tons per annum) of LNG, some of which will be made available for import to Kuwait. KUFPEC’s share of production is expected to approach 40,000 boe/d once the facility reaches full capacity.

Commenting on the achievement of this milestone, H.E. the Minister of Oil and Minister of Electricity and Water, Chairman of the Board of Kuwait Petroleum Corporation, Mr. Essam Al-Marzouq said: “Exploration, development and acquisition success such as this affirms the role of KUFPEC in securing an international presence for Kuwait’s hydrocarbon industry, and in providing energy solutions and diversification for the State of Kuwait.”

KUFPEC Chief Executive Officer Shaikh Nawaf Saud Nasir Al-Sabah commented: “This is a landmark moment for KUFPEC as we deliver on our strategy. The Wheatstone Project will provide us large-scale, stable production and strong cashflows for the next two decades.”

KUFPEC was established by its parent company Kuwait Petroleum Corporation in 1981 to engage in exploration, development and production of crude oil and natural gas outside the State of Kuwait. It is currently active in 14 countries with 54 assets in the international upstream sector. KUFPEC is headquartered in Kuwait City, Kuwait and has additional offices in Australia, Canada, China, Egypt, Indonesia, Malaysia, The Netherlands, Norway and Pakistan.


Canada >>  8/10/2022 - FortisBC Holdings Inc. (“FortisBC”) and Musqueam Indian Band (“Musqueam”) are announcing the signing of an agreement, which will result in the parties...
Congo >>  8/5/2022 - Eni informs that it has acquired the company Export LNG Ltd, which owns the Tango FLNG floating liquefaction facility, from Exmar group. The facility ...

France >>  8/3/2022 - Alternative data specialist QuantCube Technology announced the availability of the QuantCube Liquefied Natural Gas (LNG) Commodity Trade Indicator. By...
Canada >>  7/29/2022 - Pacific Energy Corporation Limited (Pacific Energy) and Enbridge Inc. (Enbridge or the Company) announced an agreement to jointly invest in the constr...

Italy >>  7/25/2022 - - The aim is to leverage on infrastructure and know-how of both companies, thereby contributing to decarbonisation of transport and off-grid users
United States >>  7/23/2022 - ION Commodities, the global leader in Energy and Commodity management solutions, is delighted that Golden Pass LNG, owned by affiliates of QatarEnergy...

Related Categories: Deodorization system  Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 

Related Articles: Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.