VOL. XXXII
NO. 31
8-MAY-1989
KUWAIT
KUFPEC Acquires a 25% Interest in a Production Sharing Concession inMalaysia
The Kuwait Petroleum Corporation's subsidiary, the Kuwait Foreign PetroleumExploration Company (KUFPEC), has acquired a 25% equity interest in anexploration permit covering a 2.2mn-acre onshore/offshore block in Malaysia -Block SB-3 off Sabah - in partnership with Phoenix Exploration Resources(operator, 25) and Enron Oil Malaysia Inc. (50%).
Under the permit agreement, which was...
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