Kuwait Energy
EL-12-211107
6
TABLE 0.1
LICENSE SUMMARY AS AT 31
st
MAY, 2014
Country License WI (%) Operator
Exploration Areas
Development Licenses
Expiry
Date
Options for
Extension
Field
Expiry
date
1
Egypt
Burg El
Arab
75.0
KE
2
-
-
-
Dec 2016
Abu
Sennan
50.0
3
KE
2
May 2016
-
Al Ahmadi
Mar 2032
AS-1
Feb 2032
AS-2
Mar 2032
AS-3
Mar 2033
East Ras
Qattara
(ERQ)
49.5 Sipetrol
2
-
-
Shahd
Mar 2027
Ghard
Jul 2027
Shahd SE
Apr 2028
Rana
Feb 2028
Al Zahraa
May 2029
Diaa
Mar 2030
Rana SE
Jun 2030
Shebl
May 2031
Shebl East
May 2031
Area A
70.0
KE
Sep 2014
-
Kareem&Ayun Jun 2023
Kheir
Jun 2023
Shukheir
May 2027
Um El Yusr
Jul 2028
Shukheir NW Feb 2019
Yemen
Block 5
15.00
KE
-
-
All
Jun 2015
4
Block 43
28.33
5
DNO
-
-
Nabrajah
Apr 2025
Block 49
64.0
5
KE
Jun 2014
6
-
-
-
Block 82
21.25
5
Medco
Dec 2014
3 years
-
-
Iraq
Siba
45.0
KE
-
-
Siba
Jul 2031
Mansuriya 22.5
TPAO
-
-
Mansuriya
Jul 2031
Block 9
70.0
KE
Feb 2018
2 years
-
7
-
Pakistan Jherruck
40.0
NHEPL
Dec 2014
2 years
-
-
Notes:
1.
All development licenses in Egypt, Yemen and Iraq have a possible 5-year extension period, except
in Abu Sennan where the extension period is 15 years and in Area A where it is 10 years for
Shukheir NW but the other fields are already in the extension period.
2.
Burg El Arab and Abu Sennan (and ERQ) are operated by Joint Ventures between EGPC and the
Contractor Group, with KE (Sipetrol for ERQ) representing the Contractor Group (see Section 1).
3.
KE’s cost interest in Abu Sennan is 78% since KE carries Dover’s 28% costs in return for 7.5% of
Dover’s 28% interest in the profit share (i.e. 2.1% of gross contractor profit share).
4.
A number of shut-downs have occurred, which have given rise to Force Majeure claims that may
extend the contract for Block 5 to 2
nd
December, 2016; a 5-year extension is also possible.
5.
KE’s cost interest in Block 43 is 33.33%, in Block 49 is 75.29% and in Block 82 is 25.0%, since KE
carries its share of The Yemen Company’s 15% of the costs in all cases.
6.
An extension to the exploration license for Block 49 will be applied for to complete the seismic
survey.
7.
In Block 9, 20-year development licenses would be granted for each approved Development Area (if
any), each with a possible 5-year extension period.
