Bond Offering Memorandum 23 July 2014 - page 296

Kuwait Energy
EL-12-211107
33
2.1
Block 5: Jannah Block
In October, 2012, KE purchased 100% of the shares of the Jannah Hunt Oil Company,
which holds a 15% WI in Block 5 (also known as the Jannah Block) and is the Operator.
The other partners are ExxonMobil, Total and Newco (Private Limited) Enterprises S.A.,
with 15% each, and state-owned companies Kuwait Foreign Petroleum Exploration
Company (KUFPEC) and
Yemen Company for Investment in Oil and Minerals (
YICOM),
with 20% each.
FIGURE 2.1
LOCATION OF LICENSES, YEMEN
The Jannah Block is located in the west of Yemen to the east of the capital Sana’a,
adjacent to the larger Block 18 (Marib Block) where oil was first discovered in the Alif field
72
73
28
71
84
83
43
82
49
S-1-
51
18
7
33
32
10
4
1
74
76
52
53
9
80
2
41
86
85
755
8
48
R2R
70
68
14
89
5
S-2
102
44
46
47
19
101
20
69
6
0
100.0
kilometres
Sana'a'
Djibouti
0
500.0
kilometres
Yemen
Saudi Arabia
Oman
Source: Deloitte
Block 5
Block 49
Block 43
Block 82
Legend:
Oil Field
Gas Field
Oil Pipeline
Gas Pipeline
License Block
1...,286,287,288,289,290,291,292,293,294,295 297,298,299,300,301,302,303,304,305,306,...567
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