VOL. XXXVII

NO. 24

14-MARCH-1994

Kuwait

KUFPEC Strikes Oil In Indonesia's Seram Island Block

The Kuwait Foreign Petroleum Exploration Company (KUFPEC) - the overseasexploration subsidiary of the state-owned Kuwait Petroleum Corporation (KPC) -has struck oil in an exploratory well in the Seram Island Block in Indonesia'sMoluccas islands chain. In a statement on 3 March, Indonesia's national oilcompany Pertamina, said that the Oeil-1 well flowed oil on test at a rate of3,850 b/d from a depth of...