Middle East

Kuwait’s KUFPEC first offshore operation

January 24, 2022

Illustration-Credit: bomboman / Adob ​​eStock

Kuwait’s Foreign Oil Exploration Company (“KUFPEC”) said on Sunday that its subsidiary, KUFPEC Indonesia, made a commercial discovery of gas and condensate at the Annambas block off Indonesia.

KUFPEC Indonesia made the discovery through the excavation of the Anambas-2X well.

“This exciting discovery is KUFPEC’s first offshore exploration discovery and demonstrates KUFPEC’s growth and potential as an operator of offshore oil and gas projects in line with the KUFPEC 2040 strategy. Wells use jacks. It was excavated in 288 feet of water. Raise the rig to reach a total depth of 10,509 feet. “

The Annambus Block, located in the Natsuna Sea near the existing block with which KUFPEC is a partner, was awarded to KUFPEC Indonesia in 2019 through a competitive bidding process.

The block is 100% operated by KUFPEC Indonesia. KUFPEC Indonesia’s production distribution agreement has a 30-year license period, including a 6-year exploration period. As part of the drilling campaign, KUFPEC Indonesia has conducted two drill stem tests so far. One was in the lower Gabs layer and the other was in the Intrakeras layer. These tests resulted in a stable total flow of natural gas 7MM scfd and condensate 1,240stb / d from the two formations. KUFPEC Indonesia plans to conduct further tests in other formations in the same well, the company said.

When KUFPEC Indonesia reached its key drilling target in the Lower Gabs Formation, it successfully penetrated thicker and cleaner reservoirs using deepening operational techniques, the company said.

“The results of the well deepening program provided a positive side to the original well target and identified potential further exploration opportunities in the deeper layers. KUFPEC Indonesia has the potential to produce even higher gas. We will continue to conduct a test program for three reservoirs in one Alan layer. Fees. “

https://www.oedigital.com/news/493739-kuwait-s-kufpec-makes-first-operated-offshore-discovery-in-indonesia Kuwait’s KUFPEC first offshore operation

Back to top button