Indonesia Approves Kuwaiti Explorer to Develop Anambas Block in Natuna Sea

OIL AND GAS - JAKARTA. The Kuwait Foreign Petroleum Exploration Company (KUFPEC) has secured approval for its development of the Anambas block in Indonesia, where it aims to acquire more projects, officials said on Thursday.

KUFPEC will invest about $1.54 billion to develop the Anambas block to produce 55 million standard cubic feet a year with an estimated 185 billion cubic feet of total gas sales, upstream oil and gas regulator SKK Migas said.