ALBAWABA-Kuwait's Foreign Petroleum Exploration Company (KUFPEC) has recently inked a significant partnership deal with BG International Limited, a subsidiary of Shell.
According to the agreement, KUFPEC Egypt will secure a 40% working interest in the Northeast Amriya Offshore Concession, located in the Mediterranean Sea, as reported by Kuwait News.
This strategic partnership opens doors for KUFPEC to bolster its exploration endeavors in Egypt, reflecting the company's aspirations to expand its presence and activities in the Middle East region.
