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Detailed Ownership by Asset
Asset Working Interest and Partners
Asset
KE Operator Revenue WI
(1)(2)
Cost WI
(1)
Partners
Iraq
Block 9
(3)
60.00%
60.00% Dragon Oil 30%, EGPC 10%
Siba
45.00%
60.00% TPAO 30%, Missan Oil Company 25%
Mansuriya
22.50%
30.00% TPAO* 37.5%, OEC 25%, KOGAS 15%
Egypt
Abu Sennan
50.00%
78.00% Dover 28%, Rockhopper 22%
Burg El Arab (BEA)
100.00%
100.00% -
Area A
70.00%
70.00% Petrogas 30%
East Ras Qattara (ERQ)
49.50%
49.50% ENAP Sipetrol* 50.5%
Yemen
Block 5
15.00%
15.00%
YICOM 20%, KUFPEC 20%; Newco 15%
(4)
,
Total 15%, ExxonMobil 15%
Block 49
64.00%
75.29%
Consolidated Contractors Company 25%,
TYC 11%
Oman
Karim Small Fields (KSF)
15.00%
15.00%
Medco Energy* 51%, Oman Oil Company
25%, Vision Oil 5%, Petrovest 4%
(1) Source: Company filing, reflects WI as at 31 December 2015 prior to Siba and Abu Sennan farm-out. * Denotes operatorship.
(2) Revenue WI is the percentage interest of Kuwait Energy in the revenues derived from sale of production from an asset, before taking into account any taxes, fees, royalties or other payments.
(3) Kuwait Energy is currently engaged in a dispute under which the claimant asserts that it has a right to an increased non-controlling share. Kuwait Energy believes that the claimant’s position will not
be vindicated, and Kuwait Energy is firmly committed to vigorously rebutting the claim.
(4) Newco was formed by two Russian companies: Mashinoexport and Zarubezhgeologiya.
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