Kuwait Energy
EL-12-211107
15
TABLE 0.10
SUMMARY OF CONDENSATE CONTINGENT RESOURCES
AS AT 31
st
MAY, 2014
Field or
Block
Project or Field
Gross Field (MBbl)
KE WI
(%)
KE Net (WI Basis) (MBbl)
1C
2C
3C
1C
2C
3C
Siba (Iraq)
Contract extension
0 7,303 12,756 45.0
0
3,286 5,740
Mansuriya
(Iraq)
Contract extension
0
544 3,372 22.5
0
122
759
Block 5
(Yemen)
East Halewah
1,700 2,100 2,500 15.0
255
315
375
Block 49
(Yemen)
Mintaq
142
226
334 64.0
91
145
214
Total
1,842 10,173 18,962 n/a
346
3,869 7,088
Notes:
1.
Gross Field Contingent Resources are 100% of the volumes estimated to be recoverable from the
field or project in the event that development goes ahead.
2.
KE Net Contingent Resources in this table are KEs Working Interest fraction of the Gross Field
Resources; they do not represent KE’s actual Net Entitlement under the terms of the PSC/PSA that
governs each asset, which would be lower.
3.
The volumes reported here are “unrisked” in the sense that no adjustment has been made for the
risk that the project may not go ahead in the form envisaged or may not go ahead at all (i.e. no
“Chance of Development” factor, as defined under PRMS, has been applied).
4.
Contingent Resources should not be aggregated with Reserves because of the different levels of risk
involved and the different basis on which the volumes are determined.
5.
Totals may not exactly equal the sum of the individual entries due to rounding.
TABLE 0.11
SUMMARY OF GAS CONTINGENT RESOURCES
AS AT 31
st
MAY, 2014
Field or Block Project or Field
Gross Field (Bscf)
KE WI
(%)
KE Net (WI Basis) (Bscf)
1C
2C
3C
1C
2C
3C
Block 9 (Iraq)
B9NE
338.9 870.8 2,060.9 70.0
237.2
609.5 1,442.7
Siba (Iraq)
Contract extension
0.0 113.0 182.8 45.0
0.0
50.9 82.2
Mansuriya
(Iraq)
Contract extension
82.6 165.3 555.5 22.5
18.6
37.2 125.0
Jherruck
(Pakistan)
Prospect B-1
2.2
4.0
5.7 40.0
0.9
1.6
2.3
Total
423.6 1,153.2 2,804.9 n/a
256.7
699.2 1,652.2
Notes:
1.
Gross Field Contingent Resources are 100% of the volumes estimated to be recoverable from the
field or project in the event that development goes ahead.
2.
KE Net Contingent Resources in this table are KEs Working Interest fraction of the Gross Field
Resources; in Egypt and Iraq they do not represent KE’s actual Net Entitlement under the terms of
the PSC/PSA that governs each asset, which would be lower.
3.
The volumes reported here are “unrisked” in the sense that no adjustment has been made for the
risk that the project may not go ahead in the form envisaged or may not go ahead at all (i.e. no
“Chance of Development” factor, as defined under PRMS, has been applied).
4.
Contingent Resources should not be aggregated with Reserves because of the different levels of risk
involved and the different basis on which the volumes are determined.
5.
Totals may not exactly equal the sum of the individual entries due to rounding.
