Annual Report - 2014

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Map of Block 9
Kuwait Energy Assets
Region Licence Cost WI (%) Revenue WI(%)(1) Operator Status
Siba 60.00% 45.00% Kuwait Energy
Awaiting development
with exploration
potential (ADEP)
Mansuriya 30.00% 22.50% TPAO ADEP
Block 9 70.00% (2) 70.00% (2) Kuwait Energy ADEP
Area A 70.00% 70.00% Kuwait Energy
Producing asset with
exploration potential
(PAEP)
Abu Sennan 78.00% 50.00% Kuwait Energy PAEP
Burj El Arab
(BEA) 75.00% 75.00% Kuwait Energy PAEP
East Ras
Qattara (ERQ) 49.50% 49.50% Sipetrol PAEP
Block 5 15.00% 15.00% Kuwait Energy PAEP
Block 43 33.33% 28.33% DNO PAEP
Block 49 75.29% 64.00% Kuwait Energy Exploration asset (EA)
Block 82 25.00% 21.25% Medco EA
Karim Small
Fields (KSF) 15.00% 15.00% Medco PAEP
Jherruck 40.00% 40.00% NHEPL EA
Kunri 40.00% 40.00% NHEPL EA
Latvia
License 1-2004
(3) 50.00% 45.00% SIA Balin EA
License 1-2009
(3) 50.00% 45.00% SIA Balin EA
1. Revenue working interest is the percentage interest of the Group in the revenues derived from sale
of production from an asset, before taking into account any taxes, fees, royalties or other payments.
2. Pursuant to a farm-out arrangement entered into with EGPC for a 10% working interest share
in Block 9, Kuwait Energy’s cost working interest and revenue working interest in Block 9 will be
reduced to 60% upon the fulfilment of certain conditions precedent, including written approval from
the Iraqi government.
3. In the process of being relinquished.
Note: Kuwait Energy holds interests in Block 35 in Yemen and Block E in Cambodia, which are awaiting final
confirmations of relinquishment from the respective governments.
As at 31 December 2014
“In Iraq’s Siba and Block 9 fields, we
completed environmental impact studies that
allow us to develop projects that are socially
and environmentally sustainable.”
Mohamed Aboush
Deputy CEO
Monitoring the drilling operation of Faihaa-1X well