VOL. XXXV

NO. 29

20-APRIL-1992

Kuwait

KPC Signs Letter of Intent with BP on Reservoir Damage Assessment

MEES learns that the Kuwait Petroleum Corporation (KPC) has signed a letterof intent with British Petroleum (BP) under which the latter will assist KPC inassessing damage to Kuwait's oil reservoirs as a result of the well fires, andits implications for future production levels. The proposed contract, for whichBP will be paid a fee of $25mn, will involve the secondment of some 30 BP expert...