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Strategic Partnership in Southeast Asia

Strategic Partnership in Southeast Asia

Strategic Partnership
15 Feb 2024
Company News

Kuwait Foreign Petroleum Exploration Company (KUFPEC) has officially announced a new strategic partnership aimed at accelerating sustainable energy development in the Southeast Asian market.

"Our partnership in Southeast Asia is a milestone that perfectly aligns with our corporate vision of securing energy resources while maintaining the highest standards of environmental stewardship."

These agreements establish a structured basis for cooperation focused on knowledge sharing, technical exchange, and the evaluation of potential opportunities for collaboration across both companies’ global upstream portfolios. The framework is intended to enhance asset value, promote technical excellence, and support informed decision-making, while preserving the strategic and commercial independence of both parties. KUFPEC CEO Eisa Al-Maraghi said these Collaboration Framework Agreements reflect KUFPEC’s commitment to building and strengthening strategic partnerships with leading international energy companies.