KUFPEC has recently signed two separate partnership framework agreements with Shell and TotalEnergies. The first agreement, signed with Shell Kuwait Exploration and Production B.V., establishes a framework to strengthen collaboration and support KUFPEC’s long-term international growth strategy. The second agreement, signed with TotalEnergies EP New Ventures, supports KUFPEC’s strategic objectives of enhancing asset value and expanding its international upstream footprint.

These agreements establish a structured basis for cooperation focused on knowledge sharing, technical exchange, and the evaluation of potential opportunities for collaboration across both companies’ global upstream portfolios. The framework is intended to enhance asset value, promote technical excellence, and support informed decision-making, while preserving the strategic and commercial independence of both parties. KUFPEC CEO Eisa Al-Maraghi said these Collaboration Framework Agreements reflect KUFPEC’s commitment to building and strengthening strategic partnerships with leading international energy companies.

About KUFPEC

KUFPEC is an international upstream company engaged in exploration, development and production of crude oil and natural gas outside the State of Kuwait and is a wholly owned subsidiary of Kuwait Petroleum Corporation.

About Shell plc

Shell plc is incorporated in England and Wales, has its headquarters in London and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 70 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects.

About TotalEnergies

TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.