KUFPEC Consortium Wins Approval For West Australia Development
A consortium in which the Kuwait Foreign Petroleum Exploration Company (KUFPEC) has a 33.4% equity stake has been given formal approval to develop the Mutineer and Exeter oilfields in the Carnarvon Basin offshore Western Australia. Initial production, scheduled for mid-2005, will be 70,000-80,000 b/d, rising gradually to 100,000 b/d. Total production for 2005 is forecast to be around 13.8mn...
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