KUWAIT

 

KPC To Invest $500Mn In North Sea Oil Field

State-owned Kuwait Petroleum Corporation (KPC) has through its overseas upstream arm, reached an agreement with UK exploration and production company EnQuest to invest a total of $500mn in a North Sea oil field in exchange for a 35% interest, representing the Gulf state’s first major acquisition in the region for over 30 years. This comes on the back of new measures introduced by the UK government in...