Kufpec Charged With Bringing Technology Back Home

KPC’s overseas upstream arm Kufpec has seen its net output remain largely stagnant at just over 70,000 b/d of oil equivalent (boe/d) in recent years. But it has an ambitious target of increasing this to 200,000 boe/d by 2020. To meet this target, Kufpec has been expanding aggressively under the auspices of Shaikh Nawaf, following former CEO Nizar al-‘Adsani’s appointment as KPC chief in 2013. Although there was no...