KUFPEC Participates in Vietnam Offshore Exploration
The Kuwait Foreign PetroleumExploration Company (KUFPEC) will have a 25% share in a Vietnam offshoreexploration venture together with Petro-Canada (50% - operator) and Husky Oil(25%). The group was awarded an 11,200-sq. km. offshore exploration permit inVietnam last month, and is committed to drill three exploration wells.