Kuwait signs upstream deal with Pakistan

offshore jjordan64816Kuwait Foreign Petroleum Exploration Company (KUFPEC) and Pakistan’s Oil and Gas Development Company Limited (OGDCL) have announced a strategic cooperation initiative for evaluating future potential business opportunities in international upstream exploration and production

The MoU for strategic cooperation was signed by KUFPEC South Asia regional manager Nawwaf S Alsalem and OGDCL managing director Zahid Mir.

The strategic cooperation between the two oil exploration companies envisages exploring opportunities jointly in Pakistan, the Middle East and other overseas blocks.

KUFPEC may also offer OGDCL joint ventures in its international assets and blocks. OGDCL has also agreed for arrangement in Pakistan with KUFPEC. Both OGDCL and KUFPEC will collaborate in upcoming domestic and international opportunities.

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