VOL. XLV

No 24

17-June-2002

KUWAIT

KUFPECAnnounces Oil Find Offshore Western Australia

TheKuwait Foreign Petroleum Exploration Company (KUFPEC) a wholly-ownedsubsidiary of the state-owned Kuwait Petroleum Corporation (KPC) announced on20 May the discovery of light crude in commercial quantities in explorationwell Exeter-2 in the WA-191-P concession offshore Western Australia. Astatement said plans were under way to develop the well. KUFPEC has a 33.4%stake in the concession, with the remaining...