Kuwait Foreign Petroleum Exploration Company (Kufpec), the international state-owned upstream arm of the gulf nation said that it has made a commercial discovery of gas and condensate in the Anambas Block, offshore Indonesia.

The company said on Sunday that its wholly-owned subsidiary Kufpec Indonesia struck gas and condensate following the successful drilling of the Anambas-2X well, which was drilled to a depth of 10,509 feet using a jack-up rig in 288 feet of water.

Kufpec said the “discovery marks the first operated offshore exploration discovery", for the company and showcases its “potential as an operator of offshore oil and gas projects".

As part of the drilling campaign, Kufpec said it had carried out two drill stem tests so far, one in the Lower Gabus formation and the other in the Intra Keras formation.

“These tests resulted in a stabilised combined flow rate of 7 million cubic feet per day of natural gas and 1240 stock tank barrels per day of condensate from the two formations,” the company added.

The Kuwaiti player said it “intends to conduct more tests on other formations within the same well".

The Anambas exploration block is located in the Natuna Sea and was awarded to Kufpec Indonesia through a competitive bidding process in 2019.

The exploration tract is fully operated by Kufpec Indonesia, which also holds 100% participating interest in the asset.

The production sharing contract has a term of 30 years, including a six-year exploration period, the company noted.

Nawaf Saud Al-Sabah, acting chief executive of Kufpec said the discovery “reflects Kufpec’s capabilities as a prudent operator in an offshore exploration drilling environment".