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11.8
c.30
125 – 150
250+
2016
Exit
2018
Exit
2022 - 23
2025+
Early Production Program
(3)
Two wells on production currently, oil trucked to Bin
Umar station (42 km) – 90 kbbl/d capacity
One additional well (Faihaa-3) completed and
production target to start in mid February 2017
Two additional wells planned in 2017 and one in 2018
Gross production of c.30 kboe/d targeted by 2018 YE
(2)
Full Field Development
Kuwait Energy is planning to submit a full field
development plan (FDP) in 2019
(4)
Production increases thereafter, with 125+ kboe/d
targeted by 2022 and 250+ kboe/d by 2025
(1)
Optionality to monetise part of stake post FDP
(5)
Processing and Evacuation
Separate processing facilities to be constructed for
Yamama and Mishrif with planned total capacity of 155
kbbl/d
Separate export pipelines for Yamama and Mishrif
crudes to Al Fao depot (140 km)
Production Potential
(1)(2)
Field Development Plan
Block 9: Development Plan
Early prod’n
program
Full FDP
2019
10 year
plateau
Gross Production (kboe/d)
6 wells
Source: GCA report as at 31 December 2016.
(1) Production forecast based on management’s best estimates in the early phase of the field development; key assumptions include: a) recovery factor of 20% and 35% for the Mishrif and Yamama reservoirs,
respectively; b) potential implementation of water and/or gas injection projects; c) conversion of 2C resources. (2) Company estimate based on the assumption of 5 kbbl/d per well and a six-well development program
by 2018 year end. (3) Currently scheduled to expire at the end of 2018. (4) If approved, a 20 year development licence would be granted. (5) Subject to pre-emption rights and approvals.
Based on
2P Reserves
Based on
2P reserves &
2C resources
(1)
Targeting gross production rate of 250,000 boe/d by 2025
(1)
(2)
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