The recent partnership agreement between MoU and KPC comprises: upstream, downstream businesses; R&D in HR and planning and energy security. At the signing various official dignitaries from Kuwait and the UK were in attendance. Malcolm Brinded, an executive director at Shell noted how this milestone is “further cementing our partnership with Kuwait.” There are plans to develop Kuwait’s Jurassic gas fields through developing capacity of Shell and Kuwait Oil Company (KOC) staff. As the chair and MD of Shell companies in Kuwait Ahmed Mouti noted, that since the company is known for being a “leading gas company” building a partnership with KOC will only be mutually beneficial to the two companies. Training will be needed because of “unique geological challenges” gas developments encounter today that require specific technology.
Indian state-owned gas marketer GAIL? Ltd is searching to acquire shale gas companies in the US. Gail is prepared to invest approximately $400-500 million. The company has publicized a request for proposals (RFP) from bankers who are able to help it identify targets and to close a deal. The RFP was publicized last month.