Middle East Economic Survey

VOL. LIII

No 21

24-May-2010

KUWAIT

Kufpec Enters PSA For Vietnamese Block 51

Kuwait Foreign Petroleum Exploration Company (Kufpec) has signed a production sharing agreement (PSA) with Singaporean and Vietnamese firms for oil and gas exploration and development on Vietnams Block 51. The agreement, which will be effective for 25 years for crude oil and 30 years for natural gas, was signed with Singapores Mirta Energy which will serve as operator with a 35% interest and...