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The map below presents an overview of the Group’s operations in Egypt.
A Group company is the operator of three of its four licences in Egypt: Area A, Burg El Arab and Abu Sennan. The
Group manages its operations in Egypt from its office in Cairo. The working interests of the Group and its JV partners in
the assets the Group holds in Egypt as at the date of this Offering Memorandum are as follows:
Fiscal
regime
(1)
JV partners
Revenue
interest
(%)
(2)
Cost interest (%)
(3)
Asset
Area A
SC
Kuwait Energy
(4)
70.00
70.00
Petrogas E&P L.L.C
30.00
30.00
ERQ
PSC
Kuwait Energy
49.50
49.50
ENAP Sipetrol
(4)
50.50
50.50
Burg El Arab
PSC
Kuwait Energy
(4)
75.00
75.00
Gharib Oil Fields
25.00
25.00
Abu Sennan
PSC
Kuwait Energy
(4)
50.00
(5)
78.00
