OREANDA-NEWS. September 07, 2012. The National Offshore Petroleum Titles Administrator on behalf of the Government of Australia has granted Kufpec Australia Pty Ltd, a  wholly owned subsidiary of Kuwait Foreign Petroleum Exploration Co.K.S.C  (KUFPEC) a Petroleum Exploration Permit WA-481-P, reported the press-centre of KUFPEC.  

The Permit is located in Federal Waters in the Perth Basin at offshore Western Australia with an Area of approximately 17,500km2. The Permit has been assessed of having considerable exploration potential due to its location in the proven geological petroleum system with proven resources and surrounded with other producing blocks.

The Joint Venture consists of KUFPEC Australia Pty Ltd  with working interest of 30%, Murphy Australia Oil Pty Ltd of working interest 40% (Operator), and Samsung Oil & Gas Australia Pty Ltd  of working interest 30%.