Kuwait Foreign Petroleum Exploration Company (Kufpec) has announced its intention to participate in Pakistan’s upcoming offshore bidding round. The company, which has maintained a presence in Pakistan since 1987, has invested a total of $1.5 billion in the country’s energy sector to date.
A high-level meeting took place between Federal Minister for Petroleum, Ali Pervaiz Malik, and Ali Taha Al-Temimi, Country Manager of Kufpec and Chairman of the Pakistan Petroleum Exploration & Production Companies Association (PPEPCA). The discussion centered on strengthening bilateral cooperation in the oil and gas sector, accelerating exploration efforts, and tackling key challenges to further boost activity in this area.
During the meeting, Minister Malik reiterated the government’s dedication to supporting both foreign and domestic investors in the petroleum industry. He underscored ongoing reforms designed to improve the ease of doing business, enhance regulatory efficiency, and create a business-friendly environment for exploration and production (E&P) companies operating in Pakistan.
Representing Kufpec—a prominent international exploration entity and a subsidiary of Kuwait Petroleum Corporation—Ali Taha Al-Temimi commended the government’s initiatives and shared perspectives on optimizing hydrocarbon exploration to address the country’s rising energy needs. He confirmed Kufpec’s intention to take part in Pakistan’s offshore bidding round and provided an overview of the company’s ongoing projects within the country. Since 1987, Kufpec has cumulatively invested $1.5 billion in Pakistan.
Minister Malik welcomed Kufpec’s interest in the offshore bidding round and reiterated the government’s commitment to supporting the petroleum sector as a driver of economic growth and energy security. He noted that “offshore blocks are offered after a very long time,” and emphasized that “it’s a great opportunity for both local and foreign investors.”
He also recognized Kufpec’s significant contributions to Pakistan’s energy development and praised PPEPCA’s role in advocating for a strong E&P sector. The meeting concluded with a shared commitment to deepening collaboration between the government and industry stakeholders, with a unified goal of ensuring a stable and prosperous energy future for the country.
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