Bond Offering Memorandum 23 July 2014 - page 289

Kuwait Energy
EL-12-211107
26
1.3
East Ras Qattara (ERQ)
KE holds a 49.5% WI in ERQ. The Operator, Sipetrol, holds the remaining 50.5%.
During the 7-year exploration phase, which expired in March, 2011, 20-year development
licenses (expiring at various dates in 2027-2031) were awarded for development areas
that cover the nine discoveries made (Figure 1.5).
FIGURE 1.5
ERQ DEVELOPMENT AREAS
1...,279,280,281,282,283,284,285,286,287,288 290,291,292,293,294,295,296,297,298,299,...567
Powered by FlippingBook