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Mon 15 Dec 2008 12:12 AM

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Kuwait's Aref Energy says JV finds gas in Texas

50:50 Halliburton venture aims to begin production early in 2009.

Kuwait's Aref Energy said its joint venture in Texas had found recoverable reserves of 4.75 trillion cubic feet of natural gas, the state news agency KUNA reported on Sunday.

US firm Halliburton was taking measures towards beginning production in early 2009 at the Texas project, in which Aref holds a 50 percent share, the agency said, without giving further details of the joint venture.

In 2007, Aref set up DeWitt Tract Co, a fully-owned unit with a 50 percent share in a 20-year oil and gas drilling and production concession in 75,000 acres of land in DeWitt County, Texas, according to the Kuwaiti company's website. (Reuters)

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