7 / 31
Block 9 – Key Development Opportunity
Surrounded by Giant Oil Fields
(1)
Source: Company filing, Wood Mackenzie.
Note: Companies in the map represent international operators (not including Iraq’s state and national oil & gas companies); volumes represent recoverable resources as at 1 January 2017 according to Wood Mackenzie, except
for Faihaa field which represents the gross 2P and 2C resources based on GCA report as at 31 December 2015.
(1) Giant oil field defined as fields with > 500 mmboe of recoverable resources or with daily production exceeding 100 kboe/d.
(2) Southern Iraqi fields include: Block 9, Gharraf, Halfaya, Majnoon, Nahr Umr, Rumaila, West Qurna, Zubair, Tuba and Sindibad; production for all fields represent 2016 average production based on Wood Mackenzie.
(3) Yadavaran field not part of Kuwait Energy’s asset portfolio; Faihaa field crosses over into Yadavaran.
(4) Source: Wood Mackenzie.
Giant oil field in one of the most prolific oil regions
in the world
Southern Iraq producing 3.2 mmbbl/d
(2)
,
significant existing infrastructure
Well understood geology and proven basin
Three existing giant oil fields potentially intersect
with Block 9 – only one assessed so far
Three wells drilled and two under production
Directors believe that there will be no
production restriction from OPEC cuts
Field shared with Iran (Yadavaran)
(3)
– production
on the Iranian side of 76.9 kboe/d
(4)
in 2016
Oil Field
Gas Field
Country Border
/
Faihaa
2.6 bnboe
/
7