Middle East Economic Survey

VOL. XLVIII

No 39

26-September-2005

KUWAIT

Kufpec Farm-In To Japex Philippines Upstream Block Approved

The Philippines Department of Energy announced on 15 September it had approved the farm-in agreement between Japan Petroleum Exploration (Japex) and Kuwait Foreign Petroleum Exploration (Kufpec) under service contract 46 involving oil and gas exploration near Tañon Strait in Central Visayas. Kufpec has acquired a 35% interest in the block so that operator Japex now...