KUFPEC secures concession for Makhad oil block in Pakistan's Punjab province

Kirthar Pakistan (KPBV), a subsidiary of State-run Kuwait Foreign Petroleum Exploration Company (KUFPEC) has secured a concession for the Makhad oil block in Punjab province, KUFPEC said on Wednesday. KUFPEC said in a statement that it had signed a concession agreement with the Pakistani authorities on behalf of its subsidiary Kirthar Pakistan (KPBV). "At this stage, KPBV anticipates acquiring seismic data and drilling one exploration well," it said. KUFPEC is the international oil and natural gas exploration and production unit of Kuwait Petroleum Corporation.