Kuwait state firm Kufpec is throwing money at its 2020 output goal with the latest purchase from Total offshore Norway. But an overall strategy remains elusive.

Kufpec, the oversees upstream arm of Kuwaiti state giant KPC, on 4 September increased its holdings offshore Norway, paying Total $317mn for the major’s remaining 15% stake in the Statoil-operated Gina Krog field. The field produces both oil and gas (around 65% oil). Recoverable reserves are 106mn barrels oil, 3.2mn tons of...