VOL. XL

No. 15

14-April-1997

KUWAIT

KPC Retains Goldman Sachs As Financial Advisor For Sale Of SantaFe Subsidiary

The Kuwait Petroleum Corporation (KPC) announced on 10 April thatit had retained Goldman, Sachs and Company of the US as its financial advisor to"evaluate various strategic options regarding the potential divestiture of all or asubstantial portion of its wholly-owned subsidiary, Santa Fe InternationalCorporation." Santa Fe is currently an offshore and onshore drilling firm with...