Bond Offering Memorandum 23 July 2014 - page 260

Kuwait Energy
EL-12-211107
Page No.
INTRODUCTION ..................................................................................................... 1
BASIS OF OPINION ............................................................................................... 2
SUMMARY ......................................................................................................... 5
DISCUSSION ......................................................................................................... 18
1. RESERVES AND CONTINGENT RESOURCES – EGYPT ........................ 18
1.1 Burg El Arab (BEA) .......................................................................... 20
1.2 Abu Sennan ..................................................................................... 22
1.3 East Ras Qattara (ERQ) .................................................................. 26
1.4 Area A .............................................................................................. 29
2. RESERVES AND CONTINGENT RESOURCES – YEMEN........................ 32
2.1 Block 5: Jannah Block...................................................................... 33
2.2 Block 43: Nabrajah Field .................................................................. 38
2.3 Block 49 ........................................................................................... 39
3. RESERVES AND CONTINGENT RESOURCES – IRAQ............................ 39
3.1 Siba Field ......................................................................................... 42
3.2 Mansuriya Field................................................................................ 47
3.3 Block 9 ............................................................................................. 51
4. OMAN ......................................................................................................... 55
4.1 Karim Small Fields (KSF) ................................................................. 55
5. CONTINGENT RESOURCES – PAKISTAN................................................ 58
5.1 Jherruck Block.................................................................................. 58
6. PROSPECTIVE RESOURCES.................................................................... 60
6.1 Egypt: Abu Sennan .......................................................................... 60
6.2 Egypt: Burg El Arab (BEA) ............................................................... 76
6.3 Egypt: East Ras Qattara (ERQ) ....................................................... 77
6.4 Egypt: Area A ................................................................................... 78
6.5 Yemen.............................................................................................. 79
6.5.1 Block 43 ................................................................................ 79
6.5.2 Block 49 ................................................................................ 83
6.5.3 Block 82 ................................................................................ 86
6.6 Pakistan: Jherruck............................................................................ 87
7. ECONOMIC ASSESSMENT........................................................................ 92
7.1 Oil and Gas Pricing Scenario ........................................................... 92