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2

Health, Safety, Sustainability and Environment

Kuwait Energy classifies its recordable incidents as being either a

Fatality

,

Lost Time Incident (“LTI”), Restricted

Work Incident or Medical Treatment Incident.

Kuwait Energy in the reporting period has had

two incidents that were classified as a LTI in its operated assets

. The

first LTI of the reporting period occurred in March of this year in

Block 9 (Iraq)

– when two local workers deliberately

crossed the mine barricade fence leading to the triggering of an ERW which exploded causing serious foot injuries.

The second LTI occurred in August at the Siba (Iraq) concession - when a rigger, in violation of Kuwait Energy’s HSE

procedures, fell from substandard scaffolding that hadn’t been approved or authorised for use on the site. The two

incidents in Iraq, although unfortunate, have been

the only incidents in over 6.7 million man-hours worked YTD

in

Kuwait Energy’s operated areas.

The table below provides the number of days without an LTI in Kuwait Energy’s countries of operation both at the

end of the reporting period and at the end of 2016:

Country

Days without LTI

(at the end of

September 2017)

Days without LTI (at the of end of

2016)

Iraq

52

816

Egypt

593

320

Yemen

1215

576

Production

For the reporting period (YTD September 2017), Kuwait Energy achieved an

average daily WI production

of

26,962

boepd

, an

increase of 11.9%

on the

corresponding period last year

(24,088 boepd

)

.

Total WI production for the

reporting period was 7.36 mmboe

, an

increase of 11.5%

on the same period last year (6.60 mmboe).

The Company’s production growth is a direct result of the expansion of Iraqi activities at

Block 9 (Iraq)

.

Exit WI

production

for the reporting period at Block 9 was

9,297 boepd – a slight decrease from the last reporting period,

due to flow rates being purposely restricted as part of our well management strategy. With the anticipated

start-up

of Faihaa-4, first gas at Siba and the future completion of Faihaa-5

(due to be spud by the end of the year), the

Company envisages a substantial increase in output from its Iraqi activities during 1H 2018.

In Egypt,

production targets for the reporting period were exceeded,

primarily due to our work over and well

management program, with

Egyptian average daily WI production for the reporting period at 15,114 boepd

. A

prime example of the Company’s work over programme in action can be seen at the

Burg el Arab

development –

which has seen

average daily WI production increasing throughout the year

(1,051 boepd in YTD March 2017 to

1,188 boepd in YTD September 2017).

Our

Yemen production remains suspended due to the on-going civil conflict

; however, the Company is positioned

to restart activities when the situation in the area permits.

O

PERATIONAL

A

CTIVITY