VOL. XXXIX

No. 40

1-July-1996

KUWAIT

Kuwait Offers North Sea E&P Holdings For Sale

The Kuwait Petroleum Corporation (KPC) announced on 28 June that it has decided to offer the London-based firm, Santa Fe Exploration (UK) Ltd. for sale. The company, whose oil production from North Sea holdings averaged 60,000 b/d last year, is a wholly-owned subsidiary of the KPC-owned KP North Sea Holdings Ltd. According to a statement by Mr. Nader Sultan, KPC Deputy Chairman and Managing Director,...