kuwait foreign petroleum exploration company analysis ...analysis across the oil and gas value chain...

Kuwait Foreign Petroleum Exploration Company - Analysis Across the Oil and Gas Value Chain Report

Reference Code: GDGE173AAD

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Kuwait Foreign Petroleum Exploration Company

Analysis Across the Oil and Gas Value Chain Report

Reference Code: GDGE173AAD Publication Date: OCT 2012




Table of Contents

Table of Contents ............................................................................................................................................................................... 2

List of Tables .................................................................................................................................................................................. 7

List of Figures ............................................................................................................................................................................... 15

Company Snapshot .......................................................................................................................................................................... 16

Company Overview....................................................................................................................................................................... 16

Key Information ............................................................................................................................................................................. 16

Kuwait Foreign Petroleum Exploration Company , Exploration and Production Summary ............................................................... 17

Kuwait Foreign Petroleum Exploration Company , Active Exploration Blocks, by Country, 2002-2011 ........................................ 17

Kuwait Foreign Petroleum Exploration Company, Crude Oil Production, by Country, 2002-2011 ................................................ 19

Kuwait Foreign Petroleum Exploration Company, Natural Gas Production, by Country, 2002-2011 ............................................ 20

Kuwait Foreign Petroleum Exploration Company, Crude Oil and Natural Gas Production By Fields ............................................... 21

Kuwait Foreign Petroleum Exploration Company, Crude Oil Production ...................................................................................... 21

Kuwait Foreign Petroleum Exploration Company, Crude Oil Production in Australia, By Fields ............................................... 21

Kuwait Foreign Petroleum Exploration Company, Crude Oil Production in Egypt, By Fields .................................................... 22

Kuwait Foreign Petroleum Exploration Company, Crude Oil Production in Indonesia, By Fields .............................................. 22

Kuwait Foreign Petroleum Exploration Company, Crude Oil Production in Malaysia, By Fields ............................................... 22

Kuwait Foreign Petroleum Exploration Company, Crude Oil Production in Pakistan, By Fields ................................................ 22

Kuwait Foreign Petroleum Exploration Company, Crude Oil Production in Tunisia, By Fields .................................................. 23

Kuwait Foreign Petroleum Exploration Company, Crude Oil Production in Yemen, By Fields .................................................. 23

Kuwait Foreign Petroleum Exploration Company, Crude Oil Production in Mauritania, By Fields ............................................. 23

Kuwait Foreign Petroleum Exploration Company, Natural Gas Production .................................................................................. 24

Kuwait Foreign Petroleum Exploration Company, Natural Gas Production in Australia, By Fields ........................................... 24

Kuwait Foreign Petroleum Exploration Company, Natural Gas Production in China, By Fields ................................................ 25

Kuwait Foreign Petroleum Exploration Company, Natural Gas Production in Egypt, By Fields ................................................ 25

Kuwait Foreign Petroleum Exploration Company, Natural Gas Production in Indonesia, By Fields .......................................... 25

Kuwait Foreign Petroleum Exploration Company, Natural Gas Production in Pakistan, By Fields ............................................ 25

Crude Oil And Natural Gas Production Forecasts, 2012-2020 ......................................................................................................... 26

Kuwait Foreign Petroleum Exploration Company‘s Exploration Blocks Details ................................................................................ 28

Block B‘s Exploration Details ........................................................................................................................................................ 28

Kuwait Foreign Petroleum Exploration Company‘s News Details, Block B ............................................................................... 28

Kuwait Foreign Petroleum Exploration Company‘s Deals Details, Block B ............................................................................... 30

Marine IX‘s Exploration Details ..................................................................................................................................................... 31

Kuwait Foreign Petroleum Exploration Company‘s News Details, Marine IX ............................................................................ 31

Kuwait Foreign Petroleum Exploration Company‘s Deals Details, Marine IX ............................................................................ 33

Qusa (Block 74)‘s Exploration Details ........................................................................................................................................... 34

Kuwait Foreign Petroleum Exploration Company‘s News Details, Qusa (Block 74) .................................................................. 34

Kuwait Foreign Petroleum Exploration Company‘s Deals Details, Qusa (Block 74) .................................................................. 36

West Sitra‘s Exploration Details .................................................................................................................................................... 37

SB 312‘s Exploration Details ......................................................................................................................................................... 38

Kuwait Foreign Petroleum Exploration Company‘s News Details, SB 312 ................................................................................ 38

Kuwait Foreign Petroleum Exploration Company‘s Deals Details, SB 312 ................................................................................ 39

Buton‘s Exploration Details ........................................................................................................................................................... 40

Kuwait Foreign Petroleum Exploration Company‘s News Details, Buton .................................................................................. 40

Seram Non Bula‘s Exploration Details .......................................................................................................................................... 45

Kuwait Foreign Petroleum Exploration Company‘s News Details, Seram Non Bula ................................................................. 45




Kuwait Foreign Petroleum Exploration Company‘s Deals Details, Seram Non Bula ................................................................. 52

WA-191-P‘s Exploration Details .................................................................................................................................................... 53

Kuwait Foreign Petroleum Exploration Company‘s News Details, WA-191-P ........................................................................... 53

Kuwait Foreign Petroleum Exploration Company‘s Deals Details, WA-191-P ........................................................................... 61

WA-264-P R1‘s Exploration Details .............................................................................................................................................. 63

Kuwait Foreign Petroleum Exploration Company‘s News Details, WA-264-P R1 ..................................................................... 63

Kuwait Foreign Petroleum Exploration Company‘s Deals Details, WA-264-P R1 ..................................................................... 63


Kuwait Foreign Petroleum Exploration Company‘s News Details, WA-356-P ........................................................................... 64

Barqa (Block 7)‘s Exploration Details ............................................................................................................................................ 67

Kuwait Foreign Petroleum Exploration Company‘s News Details, Barqa (Block 7) ................................................................... 67

Kuwait Foreign Petroleum Exploration Company‘s Deals Details, Barqa (Block 7) ................................................................... 78

Block CI-24‘s Exploration Details .................................................................................................................................................. 79

Kuwait Foreign Petroleum Exploration Company‘s News Details, Block CI-24 ......................................................................... 79

Kuwait Foreign Petroleum Exploration Company‘s Deals Details, Block CI-24 ......................................................................... 79

WA-427-P (released as W08-16)‘s Exploration Details................................................................................................................. 80

Kuwait Foreign Petroleum Exploration Company‘s News Details, WA-427-P (released as W08-16) ........................................ 80

Block 20‘s Exploration Details ....................................................................................................................................................... 81

Kuwait Foreign Petroleum Exploration Company‘s News Details, Block 20 .............................................................................. 81

Kuwait Foreign Petroleum Exploration Company‘s Deals Details, Block 20 .............................................................................. 82



Kuwait Foreign Petroleum Exploration Company‘s Deals Details, Block 19 .............................................................................. 84



SC 60‘s Exploration Details .......................................................................................................................................................... 86

Block C 10‘s Exploration Details ................................................................................................................................................... 87


Kuwait Foreign Petroleum Exploration Company‘s Deals Details, WA-481-P ........................................................................... 88

Kuwait Foreign Petroleum Exploration Company‘s Field Details ...................................................................................................... 89

Zarghun South‘s Field Details ....................................................................................................................................................... 89

North Bardawil‘s Field Details ....................................................................................................................................................... 90

Kuwait Foreign Petroleum Exploration Company‘s News Details, North Bardawil .................................................................... 90

Geisum & Tawila West‘s Field Details .......................................................................................................................................... 91

Kuwait Foreign Petroleum Exploration Company‘s Deals Details, Geisum & Tawila West ....................................................... 91

Ras Kanayes‘s Field Details ......................................................................................................................................................... 92

East Shabwah‘s Field Details ....................................................................................................................................................... 93

Anoa‘s Field Details ...................................................................................................................................................................... 94

Kuwait Foreign Petroleum Exploration Company‘s News Details, Anoa ................................................................................... 94

Gajah Baru‘s Field Details .......................................................................................................................................................... 110

Kuwait Foreign Petroleum Exploration Company‘s News Details, Gajah Baru ....................................................................... 110

Seram Non Bula(Oseil)‘s Field Details ........................................................................................................................................ 122

Kuwait Foreign Petroleum Exploration Company‘s News Details, Seram Non Bula(Oseil) ..................................................... 122

Cendor (PM304)‘s Field Details .................................................................................................................................................. 124

Kuwait Foreign Petroleum Exploration Company‘s News Details, Cendor (PM304) ............................................................... 124

Belud South‘s Field Details ......................................................................................................................................................... 126

Bhit‘s Field Details ...................................................................................................................................................................... 127




Kuwait Foreign Petroleum Exploration Company‘s News Details, Bhit ................................................................................... 127

Kadanwari‘s Field Details ............................................................................................................................................................ 131

Kuwait Foreign Petroleum Exploration Company‘s News Details, Kadanwari ......................................................................... 131

Zamzama‘s Field Details ............................................................................................................................................................. 139

Kuwait Foreign Petroleum Exploration Company‘s News Details, Zamzama .......................................................................... 139

Alma (Ardmore redevelopment)‘s Field Details ........................................................................................................................... 148

Kuwait Foreign Petroleum Exploration Company‘s News Details, Alma (Ardmore redevelopment) ........................................ 148

Kuwait Foreign Petroleum Exploration Company‘s Deals Details, Alma (Ardmore redevelopment) ....................................... 154

Galia (Duncan redevelopment)‘s Field Details ............................................................................................................................ 155

Kuwait Foreign Petroleum Exploration Company‘s News Details, Galia (Duncan redevelopment) ......................................... 155

Kuwait Foreign Petroleum Exploration Company‘s Deals Details, Galia (Duncan redevelopment) ......................................... 160

Wonnich & Wonnich Deep‘s Field Details ................................................................................................................................... 161

Kuwait Foreign Petroleum Exploration Company‘s News Details, Wonnich & Wonnich Deep ................................................ 161

West Cycad‘s Field Details ......................................................................................................................................................... 163

Kuwait Foreign Petroleum Exploration Company‘s News Details, West Cycad ...................................................................... 163

Exeter‘s Field Details .................................................................................................................................................................. 164

Kuwait Foreign Petroleum Exploration Company‘s News Details, Exeter ............................................................................... 164

Victoria‘s Field Details................................................................................................................................................................. 173

South Plato‘s Field Details .......................................................................................................................................................... 174

Tanami‘s Field Details................................................................................................................................................................. 174

Tanami(Others)‘s Field Details ................................................................................................................................................... 175

North Alkimos‘s Field Details ...................................................................................................................................................... 175

Rose‘s Field Details .................................................................................................................................................................... 176

Bambra‘s Field Details ................................................................................................................................................................ 177

Kuwait Foreign Petroleum Exploration Company‘s News Details, Bambra ............................................................................. 177

Balnaves‘s Field Details .............................................................................................................................................................. 185

Kuwait Foreign Petroleum Exploration Company‘s News Details, Balnaves ........................................................................... 185

Brunello (WA-356-P)‘s Field Details ........................................................................................................................................... 187

Kuwait Foreign Petroleum Exploration Company‘s News Details, Brunello (WA-356-P)......................................................... 187

Julimar (WA-356-P)‘s Field Details ............................................................................................................................................. 189

Kuwait Foreign Petroleum Exploration Company‘s News Details, Julimar (WA-356-P) .......................................................... 189

Fletcher-Finucane‘s Field Details ................................................................................................................................................ 192

Kuwait Foreign Petroleum Exploration Company‘s News Details, Fletcher-Finucane ............................................................. 192

Chinguetti‘s Field Details ............................................................................................................................................................ 194

Kuwait Foreign Petroleum Exploration Company‘s News Details, Chinguetti ......................................................................... 194

Kuwait Foreign Petroleum Exploration Company‘s Deals Details, Chinguetti ......................................................................... 203

Tevet‘s Field Details.................................................................................................................................................................... 205

Banda‘s Field Details .................................................................................................................................................................. 205

Tiof, Tiof West‘s Field Details ..................................................................................................................................................... 206

Little Sandy‘s Field Details .......................................................................................................................................................... 206

Gipsy‘s Field Details ................................................................................................................................................................... 207

Pedirka‘s Field Details ................................................................................................................................................................ 208

Kuwait Foreign Petroleum Exploration Company‘s News Details, Pedirka ............................................................................. 208

Harriet‘s Field Details .................................................................................................................................................................. 210

Kuwait Foreign Petroleum Exploration Company‘s News Details, Harriet ............................................................................... 210

Simpson‘s Field Details............................................................................................................................................................... 218

Kuwait Foreign Petroleum Exploration Company‘s News Details, Simpson ............................................................................ 218




Lee‘s Field Details ...................................................................................................................................................................... 220

Kuwait Foreign Petroleum Exploration Company‘s News Details, Lee.................................................................................... 220

Gudrun‘s Field Details................................................................................................................................................................. 222

Double Island‘s Field Details ....................................................................................................................................................... 222

Artreus‘s Field Details ................................................................................................................................................................. 223

Albert‘s Field Details ................................................................................................................................................................... 223

Mohave‘s Field Details ................................................................................................................................................................ 224

Sidi El Kilani‘s Field Details ......................................................................................................................................................... 225

Kuwait Foreign Petroleum Exploration Company‘s Deals Details, Sidi El Kilani ..................................................................... 225

Ujung Pangkah‘s Field Details .................................................................................................................................................... 226

Kuwait Foreign Petroleum Exploration Company‘s News Details, Ujung Pangkah ................................................................. 226

Kuwait Foreign Petroleum Exploration Company‘s Deals Details, Ujung Pangkah ................................................................. 227

Agincourt‘s Field Details ............................................................................................................................................................. 228

Mutineer‘s Field Details............................................................................................................................................................... 229

Kuwait Foreign Petroleum Exploration Company‘s News Details, Mutineer ............................................................................ 229

Qadirpur‘s Field Details............................................................................................................................................................... 248

Kuwait Foreign Petroleum Exploration Company‘s News Details, Qadirpur ............................................................................ 248

Yacheng‘s Field Details .............................................................................................................................................................. 257

Kuwait Foreign Petroleum Exploration Company‘s News Details, Yacheng ........................................................................... 257

Jannah‘s Field Details ................................................................................................................................................................. 258

Kuwait Foreign Petroleum Exploration Company LNG Operations ................................................................................................ 259

LNG Operation by Country, Liquefaction, 2004-2016 ................................................................................................................. 259

LNG Operation by Country, Total Liquefaction Capacity, 2004-2016 ...................................................................................... 259

LNG Operation by Country, Liquefaction Capacity in Australia, 2004-2016 ............................................................................ 259

Kuwait Foreign Petroleum Exploration Company's Liquefaction Terminal Details ...................................................................... 260

Kuwait Foreign Petroleum Exploration Company's Liquefaction Terminal Details, Wheatstone LNG ..................................... 260

Kuwait Foreign Petroleum Exploration Company's Liquefaction News Details, Wheatstone LNG .......................................... 260

Kuwait Foreign Petroleum Exploration Company's Liquefaction News Details, Wheatstone LNG .......................................... 274

Kuwait Foreign Petroleum Exploration Company Pipeline Operations ........................................................................................... 276

Pipeline Operations, Australia ..................................................................................................................................................... 276

Pipeline Operation, Australia, Natural Gas Pipelines .............................................................................................................. 276

Pipeline Operations, China ......................................................................................................................................................... 277

Pipeline Operation, China, Natural Gas Pipelines ................................................................................................................... 277

Pipeline Operations, Tunisia ....................................................................................................................................................... 278

Pipeline Operation, Tunisia, Crude Oil pipelines ..................................................................................................................... 278

Kuwait Foreign Petroleum Exploration Company's Pipeline Details ........................................................................................... 279

Kuwait Foreign Petroleum Exploration Company's Sidi El Kilani- La Skhirra Pipeline, Pipeline Details .................................. 279

Kuwait Foreign Petroleum Exploration Company's Wheatstone- Wheatstone LNG Export Pipeline, Pipeline Details ............ 280

Kuwait Foreign Petroleum Exploration Company's Yacheng- Dongfan Gas Pipeline (CNOOC Limited), Pipeline Details ...... 280

Kuwait Foreign Petroleum Exploration Company's Yacheng- Hong Kong Gas Pipeline (CNOOC Limited), Pipeline Details . 281

Kuwait Foreign Petroleum Exploration Company Gas Processing Operations .............................................................................. 282

Kuwait Foreign Petroleum Exploration Company Operations by Country ................................................................................... 282

Kuwait Foreign Petroleum Exploration Company, Gas Processing Plant Details ....................................................................... 283

Kuwait Foreign Petroleum Exploration Company, Bhit GPP- Eni ............................................................................................ 283

Kuwait Foreign Petroleum Exploration Company, Qadirpur GPP- OGDCL............................................................................. 284

Key Employees .............................................................................................................................................................................. 285

Kuwait Foreign Petroleum Exploration Company - Major Products and Services .......................................................................... 286




History ............................................................................................................................................................................................ 287

Company Statement ....................................................................................................................................................................... 291

Locations And Subsidiaries ............................................................................................................................................................ 292

Head Office ................................................................................................................................................................................. 292

Other Locations & Subsidiaries ................................................................................................................................................... 292

Business Description ...................................................................................................................................................................... 293

Business Overview ..................................................................................................................................................................... 293

SWOT Analysis .............................................................................................................................................................................. 294

Overview ..................................................................................................................................................................................... 294

Kuwait Foreign Petroleum Exploration Company Strengths ....................................................................................................... 294

Substantiasl Asset Base .......................................................................................................................................................... 294

Expanding Reserve Base ........................................................................................................................................................ 294

Strong Liquidity Position .......................................................................................................................................................... 295

Kuwait Foreign Petroleum Exploration Company Weaknesses .................................................................................................. 295

Production Decline .................................................................................................................................................................. 295

Kuwait Foreign Petroleum Exploration Company Opportunities ................................................................................................. 295

Prospects in LNG Business ..................................................................................................................................................... 295

North Sea Expansion .............................................................................................................................................................. 295

Off-Shore Natural Gas Opportunity ......................................................................................................................................... 295

Kuwait Foreign Petroleum Exploration Company Threats .......................................................................................................... 296

Volatility In Oil & Natural Gas Prices ....................................................................................................................................... 296

Exploration Production & Development Risk ........................................................................................................................... 296

Stringent Regulations & Administrative Procedures ................................................................................................................ 296

Kuwait Foreign Petroleum Exploration Company - Key Competitors ............................................................................................. 297

Recent Developments .................................................................................................................................................................... 298

Apr 12, 2012: Technip Wins €245m Contract From Chevron For Wheatstone Project In Australia ........................................ 298

Apr 11, 2012: Clough AMEC Wins AUD30m Contract For Wheatstone Project In Western Australia .................................... 298

Feb 23, 2012: GE Oil & Gas Wins Contract From Apache Energy For Julimar Development Project Offshore Western Australia .................................................................................................................................................................................. 299

Feb 09, 2012: BAM Clough Wins AUD400m Contract From Bechtel For Wheatstone LNG Project ....................................... 300

Feb 02, 2012: Clough Wins AUD350m Contract For Wheatstone Project .............................................................................. 301

Nov 11, 2011: NRW Holdings Wins AUD99m Contract For Chevron Operated Wheatstone LNG Project ............................. 301

Sep 25, 2011: Chevron To Proceed With Construction Of Wheatstone Project In Western Australia ..................................... 301

Sep 22, 2011: Chevron Receives Australian Commonwealth Government Environmental Approval For Wheatstone Project In Western Australia .................................................................................................................................................................... 302

Sep 15, 2011: Apache And Its Partners Sign Agreements With Kyushu Electric To Sell Liquefied Natural Gas From Wheatstone Project ................................................................................................................................................................. 303

Aug 31, 2011: Chevron Secures Environmental Approval For Wheatstone Project From Western Australian Government ... 303

Appendix ........................................................................................................................................................................................ 305

Market Definitions ....................................................................................................................................................................... 305

Oil and Gas Pipelines .............................................................................................................................................................. 305

Methodology ............................................................................................................................................................................... 305

Coverage ................................................................................................................................................................................. 305

Secondary Research ............................................................................................................................................................... 305

Primary Research.................................................................................................................................................................... 306

Expert Panel Validation ........................................................................................................................................................... 306

Disclaimer ................................................................................................................................................................................... 306




List of Tables

Kuwait Foreign Petroleum Exploration Company, Key Facts ........................................................................................................... 16

Kuwait Foreign Petroleum Exploration Company, Number of Exploration Blocks, by Country, 2002-2011 ...................................... 18

Kuwait Foreign Petroleum Exploration Company, Equity Weighted Gross Crude Oil Production (BBls), by Country, 2002-2011 ... 19

Kuwait Foreign Petroleum Exploration Company, Equity Weighted Natural Gas Production (MMcf), by Country, 2002-2011 ........ 20

Kuwait Foreign Petroleum Exploration Company, Crude Oil Production (BBls) By Fields in Australia, 2002-2011 .......................... 21

Kuwait Foreign Petroleum Exploration Company, Crude Oil Production (BBls) By Fields in Egypt, 2002-2011............................... 22

Kuwait Foreign Petroleum Exploration Company, Crude Oil Production (BBls) By Fields in Indonesia, 2002-2011 ........................ 22

Kuwait Foreign Petroleum Exploration Company, Crude Oil Production (BBls) By Fields in Malaysia, 2002-2011 .......................... 22

Kuwait Foreign Petroleum Exploration Company, Crude Oil Production (BBls) By Fields in Pakistan, 2002-2011 .......................... 22

Kuwait Foreign Petroleum Exploration Company, Crude Oil Production (BBls) By Fields in Tunisia, 2002-2011 ............................ 23

Kuwait Foreign Petroleum Exploration Company, Crude Oil Production (BBls) By Fields in Yemen, 2002-2011 ............................ 23

Kuwait Foreign Petroleum Exploration Company, Crude Oil Production (BBls) By Fields in Mauritania, 2002-2011 ....................... 23

Kuwait Foreign Petroleum Exploration Company, Natural Gas Production (MMcf), By Fields in Australia, 2002-2011 ................... 24

Kuwait Foreign Petroleum Exploration Company, Natural Gas Production (MMcf), By Fields in China, 2002-2011 ........................ 25

Kuwait Foreign Petroleum Exploration Company, Natural Gas Production (MMcf), By Fields in Egypt, 2002-2011 ........................ 25

Kuwait Foreign Petroleum Exploration Company, Natural Gas Production (MMcf), By Fields in Indonesia, 2002-2011 .................. 25

Kuwait Foreign Petroleum Exploration Company, Natural Gas Production (MMcf), By Fields in Pakistan, 2002-2011 .................... 25

Crude Oil Production Forecasts (Boe) by Fields, 2012-2020 ........................................................................................................... 26

Natural Gas Production Forecasts (MMcf) by Fields, 2012-2020 ..................................................................................................... 27

Kuwait Foreign Petroleum Exploration Company‘s Asset Details, Block B ...................................................................................... 28

Total To Restart Drilling Operations At Block B In South Sudan After 27 Years .............................................................................. 28

Total Gets Ready For Sudan Oil Drill ............................................................................................................................................... 28

Marathon Oil Sells Southern Sudanese Block To Total .................................................................................................................... 30

Kuwait Foreign Petroleum Exploration Company‘s Asset Details, Marine IX ................................................................................... 31

Premier Oil Provides Operations Update.......................................................................................................................................... 31

KUFPEC Acquires 27% Participating Interest In Block Marine IX .................................................................................................... 33

Ophir Energy Enters Into Joint Venture With Premier Oil ................................................................................................................. 33

Kuwait Foreign Petroleum Exploration Company‘s Asset Details, Qusa (Block 74) ......................................................................... 34

Kuwait Energy Reports Revenue Of $176 Million In 2008 ................................................................................................................ 34

Kuwait Energy Acquires Oil Search (MENA) .................................................................................................................................... 36

Kuwait Foreign Petroleum Exploration Company‘s Asset Details, West Sitra .................................................................................. 37

Kuwait Foreign Petroleum Exploration Company‘s Asset Details, SB 312 ....................................................................................... 38

PETRONAS Carigali Announces Two Shallow-Water Gas Discoveries In Malaysia ........................................................................ 38

PETRONAS Signs Production Sharing Contract With Kufpec .......................................................................................................... 39

Kuwait Foreign Petroleum Exploration Company‘s Asset Details, Buton ......................................................................................... 40

Premier Oil Finds Oil At Benteng-1 Well In Buton Block, Indonesia ................................................................................................. 40


Premier Oil Reports Profit Of $87 Million For Year-End 2008 .......................................................................................................... 42

Kuwait Foreign Petroleum Exploration Company‘s Asset Details, Seram Non Bula ........................................................................ 45

Lion Energy Encounters Oil At LOFIN-1 Well At Seram Island In Indonesia .................................................................................... 45

Lion Energy Provides Update On LOFIN-1 Exploration Well At Seram Island In Indonesia ............................................................. 46

Lion Energy Provides Update On LOFIN-1 Exploration Well In Indonesia ....................................................................................... 47


Lion Provides Update On LOFIN-1 Exploration Well At Seram Island In Indonesia ......................................................................... 49





Lion Energy Provides Update On Lofin-1 Well At Seram Island In Eastern Indonesia ..................................................................... 50

Lion Updates On Activities In Seram Block PSC, Indonesia ............................................................................................................ 50

Citic Resources Holdings Plans To Acquire Oil Assets In Asia And Africa ....................................................................................... 52

Kuwait Foreign Petroleum Exploration Company‘s Asset Details, WA-191-P .................................................................................. 53

JX Nippon Oil & Gas Announces Final Investment Decision On Finucane South Field In North West Shelf, Australia ................... 53

Tap Oil Provides Finucane South-1A Exploration Well Update ........................................................................................................ 53

Tap Oil Updates On Finucane South-1A Well In Carnarvon Basin, Western Australia .................................................................... 54

Tap Oil Reports Revenue Of AUD34.8 Million In H1 2009 ............................................................................................................... 54

Tap Oil Provides Q2 2008 Operational Update ................................................................................................................................ 56

Tap Oil Updates On Fletcher-4 Well In WA-191-P, Australia ........................................................................................................... 58

Tap Oil Updates On Fletcher-3 Well In WA-191-P, Australia ........................................................................................................... 58

Tap Oil Updates On Fletcher-3 Well In Permit WA-191-P, Australia ................................................................................................ 59

Tap Oil Updates On Fletcher-3 Well In Permit WA-191-P, Australia ................................................................................................ 60

Tap Oil Spuds Fletcher-3 Well In Permit WA-191-P, Australia ......................................................................................................... 60

Tap Updates On Fletcher-1/2 Exploration Wells, Carnarvon Basin .................................................................................................. 61

Santos Completes Acquisition Of 8.2% Interest In Exploration Permit WA-191-P From Tap Oil For $22.4 Million .......................... 61

Tap Oil Acquires 8.2% Interest In Totem Prospects WA-191-P From Woodside Energy ................................................................. 62

Kuwait Foreign Petroleum Exploration Company‘s Asset Details, WA-264-P R1 ............................................................................. 63

Buru Energy Provides Drilling Update On Pictor East-1 Well In WA-264-P Of Carnarvon Basin, Offshore Western Australia ........ 63

Santos Sells Interests In The Exploration Permit To Beach Petroleum ............................................................................................ 63


Apache Signs Agreements To Sell LNG From Wheatstone To Tokyo Electric Power ..................................................................... 64

Apache Plans Balnaves Field Development Offshore Western Australia ......................................................................................... 64

JP Kenny Secures FEED Contract For Apache's Julimar Development Project In Australia ........................................................... 65

Apache Encounters Gas At Brokenwood-1 And Brokenwood-2 Wells On Julimar-Brunello Field In Block WA-356-P, Australia ..... 66

Kuwait Foreign Petroleum Exploration Company‘s Asset Details, Barqa (Block 7) .......................................................................... 67

Oil Search Suspends Al Meashar-2 Well As Future Producer .......................................................................................................... 67

AWE's Al Meashar-2 Well Produces 145 Bopd ................................................................................................................................ 67

AWE Updates On Meashar-2 Appraisal Well In Block 7, Yemen ..................................................................................................... 67


AWE Encounters Oil Shows At Meashar-2 Appraisal Well In Block 7, Yemen ................................................................................. 68

AWE Provides Al Meashar-2 Drilling Update .................................................................................................................................... 68



AWE Updates On Al Meashar-2 Appraisal Well In Block 7, Yemen ................................................................................................. 69

AWE Provides Al Meashar-2 Well Drilling Update ............................................................................................................................ 69


AWE Updates On Meashar-2 Appraisal Well At Block 7 In Yemen .................................................................................................. 70



AWE Spuds Al Meashar-2 Appraisal Well At Block 7 In Yemen ....................................................................................................... 71

AWE Suspends Jebel Al Milh-1 Well At Block 7 In Yemen............................................................................................................... 71

AWE Updates On Jebel Al Milh-1 Well At Block 7 In Yemen ........................................................................................................... 71


AWE Reaches Total Depth At Jebel Al Milh-1 Well In Block 7, Yemen ............................................................................................ 72





AWE Prepares Casing At Jebel Al Milh-1 Well In Block 7, Yemen ................................................................................................... 72

AWE Updates On Jebel Al Milh-1 Well In Block 7, Yemen ............................................................................................................... 72



AWE Encounters Oil And Gas Shows At Jebel Al Milh-1 Well In Block 7, Yemen ........................................................................... 73




Oil Search Updates On Jebel Al Milh-1 Well At Block 7 In Yemen ................................................................................................... 74

AWE Provides Jebel Al Milh-1 Well Drilling Update ......................................................................................................................... 74


AWE Starts Drilling Jebel Al Milh-1 Well In Block 7, Yemen............................................................................................................. 74

Oil Search Updates On Korka 1 And Al Meashar-1 Wells ................................................................................................................ 75

AWE Updates On Al Meashar-1 Well In Yemen ............................................................................................................................... 75

AWE Provides Update On Al Meashar-1 Well .................................................................................................................................. 75

AWE Updates On Al Meashar-1 Well In Yemen ............................................................................................................................... 75

Oil Search Provides Drilling Update ................................................................................................................................................. 76


AWE Reports Open Hole Drill Stem Test At Al Meashar-1 Well In Block 7, Yemen ......................................................................... 77


Oil Search Updates On Al Meashar-1 Well In Block 7, Yemen ........................................................................................................ 77





Mitsui E&P Middle East Acquired Adelphi Energy Yemen From Adelphi Energy ............................................................................. 78

Kuwait Foreign Petroleum Exploration Company‘s Asset Details, Block CI-24 ................................................................................ 79

Svenska Petroleum Finds Gas At Virgo-1 Exploration Well In Block CI-24, Offshore Cote d‘Ivoire ................................................. 79

Svenska Petroleum Exploration Acquires 20% Working Interest In Block CI-24 In Ivory Coast ....................................................... 79

Kuwait Foreign Petroleum Exploration Company‘s Asset Details, WA-427-P (released as W08-16) ............................................... 80

Australia Awards 13 New Offshore Petroleum Exploration Permits In Commonwealth Waters ....................................................... 80

Kuwait Foreign Petroleum Exploration Company‘s Asset Details, Block 20 ..................................................................................... 81

Vietnam To Award Oil Exploration License To KUFPEC .................................................................................................................. 81

Mitra Energy Completes 2D Seismic Survey Over Blocks 19 And 20, Offshore Vietnam ................................................................ 82

Mitra Energy Signs Two Production Sharing Contracts With Petrovietnam...................................................................................... 82



Mitra Energy Completes 2D Seismic Survey Over Blocks 19 And 20, Offshore Vietnam ................................................................ 84

Mitra Energy Signs Two Production Sharing Contracts With Petrovietnam...................................................................................... 84



Kuwait Foreign Petroleum Exploration Company‘s Asset Details, SC 60 ......................................................................................... 86

Kuwait Foreign Petroleum Exploration Company‘s Asset Details, Block C 10 ................................................................................. 87


Kufpec Awarded 30% Stake In WA-481-P In Western Australia ...................................................................................................... 88

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Zarghun South ............................................................................ 89




Kuwait Foreign Petroleum Exploration Company‘s Asset Details,North Bardawil ............................................................................ 90

Eni Starts Gas Production At North Bardawil Field In Bardawil Concession, Egypt ......................................................................... 90

Trico Marine Wins $20 Million Contract For North Bardawil Project, Offshore Egypt ....................................................................... 90

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Geisum & Tawila West ............................................................... 91

KUFPEC And PICO Acquire Geisum And Tawila West Fields From Egyptian General Petroleum For $383 Million ....................... 91

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Ras Kanayes .............................................................................. 92

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,East Shabwah ............................................................................. 93

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Anoa ........................................................................................... 94

Premier Oil Provides Drilling Update ................................................................................................................................................ 94

Premier Oil Provides Update On Natuna Sea Block A In Indonesia ................................................................................................. 95


Premier Oil Reports Profit Of $62 Million In H1 2010 ....................................................................................................................... 98


Premier Oil Provides Operations Update........................................................................................................................................ 100


Premier Oil Reports Profit Of $87 Million For Year-End 2008 ........................................................................................................ 104

Premier Provides Operational Update ............................................................................................................................................ 106

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Gajah Baru................................................................................ 110

Premier Oil Provides Production Update ........................................................................................................................................ 110


Premier Oil Reports Profit After Tax Of $129.8m In 2010 .............................................................................................................. 112


Premier Oil To Commence Production At Chim Sao Oil Field And Gajah Baru Gas Field By July 2011 ........................................ 115

Premier Oil Reports Profit Of $113 Million In 2009 ......................................................................................................................... 116



Saipem Wins $280 Million Offshore Contract In Indonesia............................................................................................................. 120

Indonesia To Start Operations At Six Oil And Gas Fields In 2010 .................................................................................................. 120

Premier To Invest $500 Million In Developing Gajah Bahru Gas Field, Indonesia ......................................................................... 121

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Seram Non Bula(Oseil) ............................................................. 122

Lion Energy Spuds Lofin-1 Exploration Well On Seram Island In Eastern Indonesia ..................................................................... 122

CITIC Expects To Spud LOFIN-1 Well In January 2012................................................................................................................. 123

Lion Energy Announces Next Crude Oil Lifting From Oseil Field In June 2011.............................................................................. 123

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Cendor (PM304) ....................................................................... 124

Petrofac Signs MoUs With PETRONAS ......................................................................................................................................... 124

Kencana Petroleum Receives MYR216m EPC Contract From Petrofac ........................................................................................ 125

Petrofac Provides Operations Update ............................................................................................................................................ 125

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Belud South .............................................................................. 126

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Bhit ........................................................................................... 127


Pakistan's Oil Production Down By 6.2% In 2008-09 ..................................................................................................................... 129

Premier Receives Approval For Phase-2 Development Of Zamzama Gas Field In Pakistan ......................................................... 130

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Kadanwari ................................................................................. 131


OGDCL Makes Two Gas Discoveries At Hyderabad District In Sindh Province ............................................................................. 133





Premier Provides Operational Update ............................................................................................................................................ 135


Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Zamzama .................................................................................. 139




Premier Reports 1H 2008 Results .................................................................................................................................................. 145


Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Alma (Ardmore redevelopment) ................................................ 148

EnQuest Provides Production Update ............................................................................................................................................ 148

EnQuest Reports Revenue Of $936m In 2011 ............................................................................................................................... 150

EnQuest Sanctions Development Of Alma And Galia Fields In UK ................................................................................................ 150

EnQuest Provides Interim Management Statement ....................................................................................................................... 151

EnQuest Provides Production And Development Update .............................................................................................................. 152

EnQuest Reports Revenue Of $511.4m In H1 2011 ...................................................................................................................... 152

EnQuest Announces Interim Management Statement ................................................................................................................... 153

KUFPEC To Acquire 35% Interest In Alma And Galia Oil Fields In UK North Sea From EnQuest For $500 Million ...................... 154

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Galia (Duncan redevelopment) ................................................. 155

EnQuest Provides Production Update ............................................................................................................................................ 155

EnQuest Reports Revenue Of $936m In 2011 ............................................................................................................................... 157

EnQuest Sanctions Development Of Alma And Galia Fields In UK ................................................................................................ 157

EnQuest Provides Interim Management Statement ....................................................................................................................... 158

EnQuest Reports Revenue Of $511.4m In H1 2011 ...................................................................................................................... 159

KUFPEC To Acquire 35% Interest In Alma And Galia Oil Fields In UK North Sea From EnQuest For $500 Million ...................... 160

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Wonnich & Wonnich Deep ........................................................ 161

HJV Resumes Gas Production From Varanus Island Project In Western Australia ....................................................................... 161

Tap Updates On Wonnich Deep-1 Exploration Well ....................................................................................................................... 162

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,West Cycad .............................................................................. 163

Tap Updates On West Cycad-2 Oil Development Well .................................................................................................................. 163

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Exeter ....................................................................................... 164

Santos Provides 2011 Production Update ...................................................................................................................................... 164

MCS And Qserv Execute Vacuum Test In Australia ....................................................................................................................... 165

Santos Recommences Production At Mutineer-Exeter Oilfield Offshore Australia ......................................................................... 166

Woodside Reports 2Q 2008 Results .............................................................................................................................................. 166

Woodside Reports Q3 2007 Results .............................................................................................................................................. 169

MODEC Starts Production From Mutineer-Exeter Field, Offshore Australia................................................................................... 172

MODEC Secures Santos Contract To Develop Mutineer-Exeter Field In Australia ........................................................................ 172

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Victoria ...................................................................................... 173

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,South Plato ............................................................................... 174

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Tanami ...................................................................................... 174

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Tanami(Others) ......................................................................... 175

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,North Alkimos ........................................................................... 175

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Rose ......................................................................................... 176

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Bambra ..................................................................................... 177

Tap Oil Provides Q2 2009 Operations Update ............................................................................................................................... 177

Tap Oil Encounters Oil At Bambra-9 Well On TL/1 License, Australia ........................................................................................... 178




Tap Oil Spuds Bambra-9 Well In Production License TL/1, Australia ............................................................................................. 179

Tap Reports 2Q 2008 Results ........................................................................................................................................................ 179


Tap Updates On Bambra East-3 Gas Development Well ............................................................................................................... 184

Tap Updates On Bambra-8h Well .................................................................................................................................................. 184

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Balnaves ................................................................................... 185

Technip Wins $60m Contract From Apache Energy For Development Of Balnaves Oil Field In North Western Australia ............. 185

Apache To Develop Balnaves Oil Field Offshore Western Australia .............................................................................................. 186

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Brunello (WA-356-P) ................................................................. 187

Chevron To Proceed With Construction Of Wheatstone Project In Western Australia ................................................................... 187

Apache's Subsidiary Wins Approval To Develop Julimar And Brunello Offshore Natural Gas Fields In Australia .......................... 188

Apache Signs Agreements To Sell LNG From Wheatstone To Tokyo Electric Power ................................................................... 188

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Julimar (WA-356-P) .................................................................. 189

GE Oil & Gas Wins Contract From Apache Energy For Julimar Development Project Offshore Western Australia ....................... 189

Chevron To Proceed With Construction Of Wheatstone Project In Western Australia ................................................................... 190

Apache's Subsidiary Wins Approval To Develop Julimar And Brunello Offshore Natural Gas Fields In Australia .......................... 190

Apache Signs Agreements To Sell LNG From Wheatstone To Tokyo Electric Power ................................................................... 191

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Fletcher-Finucane ..................................................................... 192

Technip Wins Flexible Supply Contract From Santos For Fletcher Finucane Development In Australia ........................................ 192

Santos Approves $490m For Fletcher Finucane Oil Project In Carnarvon Basin Offshore Western Australia ............................... 193

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Chinguetti.................................................................................. 194


Sterling Energy Provides Operations Update ................................................................................................................................. 197

Roc Oil Reports Total Sales Of $49.3 Million In Q1 2010 ............................................................................................................... 198

Roc Oil Provides Operations Update .............................................................................................................................................. 200

Sterling Energy Reports Turnover Of $43.3 Million In H1 2009 ...................................................................................................... 202

Tullow Mauritania, Tullow Petroleum And Tullow Chinguetti To Acquire Interest In Mauritania Offshore Blocks From Roc Oil

(Mauritania) And Roc Oil (Chinguetti) For $4 Million ...................................................................................................................... 203

Roc Oil Company To Sell Its Interest In Production Sharing Contracts .......................................................................................... 204

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Tevet ......................................................................................... 205

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Banda ....................................................................................... 205

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Tiof, Tiof West ........................................................................... 206

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Little Sandy ............................................................................... 206

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Gipsy ........................................................................................ 207

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Pedirka ..................................................................................... 208

Central Petroleum To Spud Its First Well In 2009 Phase One Exploration Programme ................................................................. 208

Central Petroleum, EIR To Assess CSG Potential Of NT Block In Australia .................................................................................. 209

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Harriet ....................................................................................... 210

Tap Oil Reports Total Oil And Gas Revenue Of AUD11.3 Million In Q3 2009 ................................................................................ 210

Tap Oil Reports Revenue Of AUD34.8 Million In H1 2009 ............................................................................................................. 211

Tap Oil Provides Q2 2008 Operational Update .............................................................................................................................. 213

AusGroup Wins $41.1 Million Contract For Apache's Reindeer Natural Gas Project ..................................................................... 215


Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Simpson .................................................................................... 218

Tap Oil Updates On Harriet Joint Venture Production In Western Australia ................................................................................... 218

Tap Oil Updates On Simpson-9 And Simpson-10 Wells In Permit TL/6 ......................................................................................... 219




Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Lee ............................................................................................ 220

Tap Discovers Gas At Lee-4 Well In Permit TL/1, Australia ........................................................................................................... 220

Tap Oil Updates On Lee-4 Well In Permit TL/1, Australia .............................................................................................................. 220

Tap Oil Updates On Simpson-9 And Simpson-10 Wells In Permit TL/6 ......................................................................................... 221

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Gudrun ...................................................................................... 222

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Double Island ............................................................................ 222

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Artreus ...................................................................................... 223

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Albert ........................................................................................ 223

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Mohave ..................................................................................... 224

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Sidi El Kilani .............................................................................. 225

China National Petroleum Acquires 50% Working Interest In North Kairouan And SLK Oilfield..................................................... 225

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Ujung Pangkah ......................................................................... 226

Hess Commences Production From Ujung Pangkah Field In Indonesia ........................................................................................ 226

Hess Declares 2009 Capital And Exploratory Budget .................................................................................................................... 226

Kuwait Foreign Petroleum Exploration Acquires ConocoPhillips Pangkah ..................................................................................... 227

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Agincourt................................................................................... 228

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Mutineer .................................................................................... 229

Santos Provides 2011 Production Update ...................................................................................................................................... 229

Santos Q1 2009 Revenue Down 15% ............................................................................................................................................ 230

MCS And Qserv Execute Vacuum Test In Australia ....................................................................................................................... 233

Santos Recommences Production At Mutineer-Exeter Oilfield Offshore Australia ......................................................................... 233

Santos Starts Closing Mutineer-Exeter Oil Field In Australia.......................................................................................................... 233

Tap Oil Provides Q2 2008 Operational Update .............................................................................................................................. 233

Santos Shuts Mutineer-Exeter Oilfield, Offshore Western Australia ............................................................................................... 235

Tap Oil Updates On Fletcher-4 Well In WA-191-P, Australia ......................................................................................................... 235

Santos Reports 3Q 2008 Results ................................................................................................................................................... 236

Woodside Reports 2Q 2008 Results .............................................................................................................................................. 236

Santos Fails To Find Oil In Adams-1 Well ...................................................................................................................................... 239


Santos Reports Q4 2007 Results ................................................................................................................................................... 241

Santos Updates On Mutineer-13 Appraisal Well ............................................................................................................................ 241

Santos Declares Q3 2007 Production Results ............................................................................................................................... 242


Santos Declares Q2 2007 Production Results ............................................................................................................................... 246

MODEC Starts Production From Mutineer-Exeter Field, Offshore Australia................................................................................... 247

MODEC Secures Santos Contract To Develop Mutineer-Exeter Field In Australia ........................................................................ 247

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Qadirpur .................................................................................... 248



SNGPL To Soon Resume Gas Supplies From Qadirpur Field, Pakistan ....................................................................................... 252


Pakistan's Oil Production Down By 6.2% In 2008-09 ..................................................................................................................... 254

OGDCL Encounters Gas At Qadirpur Deep Well In Pakistan ......................................................................................................... 255

OGDCL Being Directed To Double Oil And Gas Production In Next 16 Months ............................................................................ 255


Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Yacheng.................................................................................... 257




Aker Solutions Signs Subsea Contract With CNOOC .................................................................................................................... 257

Kuwait Foreign Petroleum Exploration Company‘s Asset Details,Jannah ...................................................................................... 258

Kuwait Foreign Petroleum Exploration Company, Liquefaction Capacity by Country (Million Tonnes), 2003 - 2015 ..................... 259

Kuwait Foreign Petroleum Exploration Company, Liquefaction Capacity in Australia(Million Tonnes), 2004-2016 ........................ 259

Kuwait Foreign Petroleum Exploration Company, LNG Liquefaction Terminal, Wheatstone LNG ................................................. 260

Kuwait Foreign Petroleum Exploration Company's Liquefaction Terminal Capacity Details, Wheatstone LNG ............................. 260

Wilson Transformer Secures $21m Contract For Wheatstone LNG Project In Australia ................................................................ 260

Chevron To Supply More LNG To TEPCO ..................................................................................................................................... 261

Chevron To Supply LNG To Tohoku Electric .................................................................................................................................. 261

Apache And Partners Sign Agreements To Sell LNG To Chubu Electric Power ............................................................................ 261

Chevron To Supply LNG To Chubu Electric ................................................................................................................................... 262

Thiess Wins $500m Contract From Chevron For Wheatstone LNG Tankers Project In Western Australia .................................... 262

Thiess Joint Venture Wins $260m Contract For Wheatstone Project ............................................................................................. 263

John Holland Wins $240m Contract From Bechtel Australia For Wheatstone Project ................................................................... 263

Kencana Petroleum Secures Contract From Bechtel For LNG Processing Facility In Australia ..................................................... 264

WorleyParsons Wins Wheatstone Construction Management Contract From Chevron ................................................................. 264

Kufpec Australia Provides Update On Wheatstone LNG Project .................................................................................................... 265

Chevron Receives Australian Commonwealth Government Environmental Approval For Wheatstone Project In Western Australia

....................................................................................................................................................................................................... 265

Apache And Its Partners Sign Agreements With Kyushu Electric To Sell Liquefied Natural Gas From Wheatstone Project ......... 265

Chevron Secures Environmental Approval For Wheatstone Project From Western Australian Government ................................. 266

Chevron Welcomes EPA Report On Wheatstone Project .............................................................................................................. 266

Apache Signs Agreement With Chevron And TEPCO Regarding LNG Sales From Wheatstone Project In Western Australia ..... 267

Chevron And CNPC Sign MoU On Wheatstone LNG Supply ......................................................................................................... 267

Western Australia To Trigger Land Acquisition Process For LNG Precinct Project ........................................................................ 267

Chevron Signs HoA With Onslow Government For Wheatstone Gas Project ................................................................................ 269

Chevron, KOGAS Sign LNG Agreements For Wheatstone Project In Australia ............................................................................. 269

Wood Group Wins Contract For Chevron's Wheatstone LNG Plant In Australia ............................................................................ 270

Chevron Sticks To Its Wheastone LNG Investment Decision ......................................................................................................... 270

Chevron Signs Multiple HOAs With Kyushu Electric Power For LNG ............................................................................................ 270

Chevron Australia Awards AUD20 Million LNG Project To Golder Associates ............................................................................... 271

Chevron Expects To Sign Wheatstone LNG Agreement With KOGAS .......................................................................................... 271

Chevron, TEPCO Sign HOA For Wheatstone LNG ........................................................................................................................ 272

Chevron Awards Engineering, Design Contracts For Wheatstone LNG Project In Western Australia ........................................... 272

Chevron Awards FEED Contract For Wheatstone Gas Project In Northwest Australia .................................................................. 273

Chevron Confirms Field Appraisal Program In Australia ................................................................................................................ 273

Chevron Selects Site For Proposed LNG Project In Australia ........................................................................................................ 273

Tokyo Electric Power Acquires Interests In Wheatstone Field Licenses And Natural Gas Processing Facilities From Chevron.... 274

Apache Julimar And KUFPEC Australia (Julimar) Form Partnership With Chevron ....................................................................... 275

KOGAS Terminates Acquisition Of 5% Stake In Wheatstone Project From Chevron .................................................................... 275

Kuwait Foreign Petroleum Exploration Company, Natural Gas Pipelines in Australia .................................................................... 276

Kuwait Foreign Petroleum Exploration Company, Natural Gas Pipelines in China ........................................................................ 277

Kuwait Foreign Petroleum Exploration Company, Crude Oil pipelines in Tunisia ........................................................................... 278

Kuwait Foreign Petroleum Exploration Company, Pipeline Details, Sidi El Kilani- La Skhirra Pipeline .......................................... 279

Kuwait Foreign Petroleum Exploration Company, Pipeline Details, Wheatstone- Wheatstone LNG Export Pipeline ..................... 280

Kuwait Foreign Petroleum Exploration Company, Pipeline Details, Yacheng- Dongfan Gas Pipeline (CNOOC Limited) .............. 280




Kuwait Foreign Petroleum Exploration Company, Pipeline Details, Yacheng- Hong Kong Gas Pipeline (CNOOC Limited) .......... 281

Kuwait Foreign Petroleum Exploration Company, Gas Processing Plants in Pakistan .................................................................. 282

Kuwait Foreign Petroleum Exploration Company, Gas Processing Plant Details, Bhit GPP- Eni ................................................... 283

Kuwait Foreign Petroleum Exploration Company, Gas Processing Plant Details, Qadirpur GPP- OGDCL ................................... 284

Kuwait Foreign Petroleum Exploration Company, Key Employees, ............................................................................................... 285

Kuwait Foreign Petroleum Exploration Company, Major Products and Services ........................................................................... 286

Kuwait Foreign Petroleum Exploration Company, Other Locations ................................................................................................ 292

Kuwait Foreign Petroleum Exploration Company, Subsidiaries...................................................................................................... 292

Kuwait Foreign Petroleum Exploration Company, SWOT Analysis ................................................................................................ 294

Kuwait Foreign Petroleum Exploration Company, Key Competitors ............................................................................................... 297

List of Figures

Kuwait Foreign Petroleum Exploration Company, Number of Exploration Blocks, by Country, 2002-2011 ...................................... 17

Kuwait Foreign Petroleum Exploration Company, Equity Weighted Gross Crude Oil Production (BBls), by Country, 2002-2011 ... 19

Kuwait Foreign Petroleum Exploration Company, Equity Weighted Natural Gas Production (MMcf), by Country, 2002-2011 ........ 20

Kuwait Foreign Petroleum Exploration Company, Liquefaction Capacity by Country (Million Tonnes), 2004-2016 ....................... 259




Company Snapshot

Company Overview

Kuwait Foreign Petroleum Exploration Company (KUFPEC) a subsidiary of Kuwait Petroleum Corporation (KPC) is an energy

company. It explores, develops and produces oil and natural gas. KUFPEC key asset base consists of offshore and onshore

exploration leases and oil and gas properties. The company participates in joint ventures with other upstream energy companies

as an operator and partner. It has geographic presence in Africa, Middle East, Asia and Australia. The company holds various

exploration properties in Tunisia, Indonesia, Australia, Egypt and Pakistan. KUFPEC is headquartered in Safat, Kuwait.

The company focuses on acquiring new properties and discovery of gas to enhance operational efficiency. Recently the company

entered into an agreement to gain 35% interest in EnQuest‘s Alma and Galia oil field developments in the UK North Sea for

US$500m. The company's SEAR Indonesia Natuna Exploration Well WL-5(X) discovered approximately100 Bcf of gas from a new

deep reservoir.

Key Information

Kuwait Foreign Petroleum Exploration Company, Key Facts

Web Address

Financial year-end:

Source: Company Website, Annual Reports




Kuwait Foreign Petroleum Exploration Company , Exploration and Production Summary

Kuwait Foreign Petroleum Exploration Company , Active Exploration Blocks, by Country, 2002-2011

Kuwait Foreign Petroleum Exploration Company, Number of Exploration Blocks, by Country, 2002-2011

Source: GlobalData




Kuwait Foreign Petroleum Exploration Company, Number of Exploration Blocks, by Country, 2002-2011

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Australia

Indonesia

Mauritania

Algeria

Pakistan

Sudan

Tunisia

Cote

d'Ivoire

Egypt

Malaysia

Republic

of the

Congo

Syrian

Arab

Republic

Vietnam

Yemen

Philippine

s

Source: GlobalData




Page 21

Kuwait Foreign Petroleum Exploration Company, Crude Oil and Natural Gas Production By Fields

Kuwait Foreign Petroleum Exploration Company, Crude Oil Production

Kuwait Foreign Petroleum Exploration Company, Crude Oil Production in Australia, By Fields

Kuwait Foreign Petroleum Exploration Company, Crude Oil Production (BBls) By Fields in Australia, 2002-2011

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Agincourt

Albert

Artreus

Bambra

Double

Island

Exeter

Gipsy

Gudrun

Harriet

Lee

Little

Sandy

Mohave

Mutineer

North

Alkimos

Pedirka

Rose

Simpson

South

Plato

Tanami

Victoria

West

Cycad

Wonnich

&

Wonnich

Deep

Source: GlobalData




Page 22

Kuwait Foreign Petroleum Exploration Company, Crude Oil Production in Egypt, By Fields

Kuwait Foreign Petroleum Exploration Company, Crude Oil Production (BBls) By Fields in Egypt, 2002-2011

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Geisum &

Tawila

West

Ras

Kanayes

Source: GlobalData

Kuwait Foreign Petroleum Exploration Company, Crude Oil Production in Indonesia, By Fields

Kuwait Foreign Petroleum Exploration Company, Crude Oil Production (BBls) By Fields in Indonesia, 2002-2011

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Anoa

Seram

Non

Bula(Oseil

)

Ujung

Pangkah

Source: GlobalData

Kuwait Foreign Petroleum Exploration Company, Crude Oil Production in Malaysia, By Fields

Kuwait Foreign Petroleum Exploration Company, Crude Oil Production (BBls) By Fields in Malaysia, 2002-2011

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Cendor

(PM304)

Source: GlobalData

Kuwait Foreign Petroleum Exploration Company, Crude Oil Production in Pakistan, By Fields

Kuwait Foreign Petroleum Exploration Company, Crude Oil Production (BBls) By Fields in Pakistan, 2002-2011

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Bhit

Kadanwari

Qadirpur

Zamzama

Source: GlobalData




Page 23

Kuwait Foreign Petroleum Exploration Company, Crude Oil Production in Tunisia, By Fields

Kuwait Foreign Petroleum Exploration Company, Crude Oil Production (BBls) By Fields in Tunisia, 2002-2011

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Sidi El

Kilani

Source: GlobalData

Kuwait Foreign Petroleum Exploration Company, Crude Oil Production in Yemen, By Fields

Kuwait Foreign Petroleum Exploration Company, Crude Oil Production (BBls) By Fields in Yemen, 2002-2011

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

East

Shabwah

Jannah

Source: GlobalData

Kuwait Foreign Petroleum Exploration Company, Crude Oil Production in Mauritania, By Fields

Kuwait Foreign Petroleum Exploration Company, Crude Oil Production (BBls) By Fields in Mauritania, 2002-2011

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Chinguetti

Source: GlobalData




Page 305

Appendix

The data and analysis within this report is driven by GlobalData. GlobalData gives you key information to drive sales, investment and deal making activity in your business. Our coverage includes 200,000 + reports on 185,000+ companies (including 150,000+ private) across 200+ countries and 29 industries. The key industries include Alternative Energy, Oil & Gas, Clean Technology, Technology and Telecommunication, Pharmaceutical and Healthcare, Power, Financial Services, Chemical and Metal & Mining.

Market Definitions

Company Oil and Gas Production by Field denotes Gross Annual Production of the Field. Capacities of assets (as given in this report) are design (maximum) capacities. All the capacities are annual capacities as on 31st December of every year. Capacities of companies are equity weighted, where capacity ownerships are either through direct equity stakes or indirect equity stakes (through subsidiaries). Withdrawal Rate of Underground Gas Storage assets for companies is not equity weighted.

Oil and Gas Pipelines

- All the pipelines included in this report are major, trunk crude oil, petroleum product and natural gas pipelines. - Gathering and Distribution pipelines (flow lines, spur lines, loop lines, etc...) are not included.

Methodology

GlobalData‘s dedicated research and analysis teams consist of experienced professionals with a pedigree in marketing and market

research, consulting backgrounds in the energy industry and advanced statistical expertise.

GlobalData adheres to the Codes of Practice of the Market Research Society (www.mrs.org.uk) and the Society of Competitive

Intelligence Professionals (www.scip.org).

Coverage

The Objective of updating GlobalData‘s coverage is to ensure that it represents the most up to date vision of the industry possible.

Changes to the industry taxonomy are built on the basis of extensive research of company, association and competitor sources.

Company coverage is based on three key factors: market capitalization, revenues and media attention/innovation/market potential.

An exhaustive search of 56 member exchanges is conducted and companies are prioritized on the basis of their market

capitalization.

The estimated revenues of all major companies, including private and governmental, are gathered and used to prioritize coverage.

Companies which are making the news, or which are of particular interest due to their innovative approach, are prioritized.

GlobalData aims to cover all major news events and deals in the energy industry, updated on a daily basis.

The coverage is further streamlined and strengthened with additional inputs from GlobalData‘s Expert Panel (see below).

Secondary Research

The research process begins with exhaustive secondary research on internal and external sources being carried out to source

qualitative and quantitative information relating to each market.

The secondary research sources that are typically referred to include, but are not limited to:

Company websites, annual reports, financial reports, broker reports, investor presentations and SEC Filings.

Industry trade journals and other literature.

Internal and external proprietary databases.

http://www.mrs.org.uk/

http://www.scip.org/




Page 306

National government documents, statistical databases and market reports.

News articles, press releases and web-casts specific to the companies operating in the market.

Primary Research

GlobalData conducts hundreds of primary interviews a year with industry participants and commentators in order to validate its

data and analysis. A typical research interview fulfills the following functions:

It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook, and so

on.

Helps in validating and strengthening the secondary research findings.

Further develops the analysis team‘s expertise and market understanding.

Primary research involves e-mail correspondence and telephone interviews as well as face-to-face interviews for each market,

category, segment and sub-segment across geographies.

The participants who typically take part in such a process include, but are not limited to:

Industry participants: CEOs, VPs, business development managers, market intelligence managers and national sales managers.

Outside experts: investment bankers, valuation experts, research analysts and key opinion leaders specializing in oil and gas

markets.

Expert Panel Validation

GlobalData uses a panel of experts to cross verify research and forecast methodologies and drive its analytical content.

The GlobalData expert panel comprises marketing managers, product specialists, international sales managers from energy

companies; academics and geologists from research universities, consultants from venture capital funds and distributors/suppliers

of oil and gas goods and services.

Details of the make up of the expert panel can be viewed through the website, and are available to clients on request

Disclaimer

All Rights Reserved.

No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form by any means, electronic,

mechanical, photocopying, recording or otherwise, without the prior permission of the publisher, GlobalData.

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