Kuwait Energy
EL-12-211107
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There are no firm development plans at the present time. Re-entry of the B-1 wellbore
either to side track it or to drill a horizontal/multilateral in one of the sands may be
considered in the future. The immediate focus is on further exploration activity (see
Section 6.6). Contingent Resources have been attributed to B-1 based on estimates of
GIIP and notional recovery factors.
6.
PROSPECTIVE RESOURCES
In all the tables in this Section, Prospective Resources are shown both as gross field
volumes (i.e. 100% of the volumes estimated to be recoverable from the Prospect or
Lead in the event that it becomes a discovery and is developed) and net to KE on a
Working Interest (WI) basis:
In Pakistan, where the fiscal regime is tax/royalty, KE’s Net Entitlement
Prospective Resources are equal to the WI basis volumes.
In Egypt and Yemen, the WI basis volumes are KE’s WI fraction of the Gross Field
Prospective Resources. They represent KE’s proportion prior to application of the
state share under the PSA/PSC or Service Contract that governs each license.
They do not represent KE’s actual Net Entitlement under the terms of the
PSA/PSC or Service Contract, which will be less than the quoted volumes.
Volumes are quoted here on a WI basis because the Prospective Resources are
too immature to justify creation of a conceptual development plan needed to
estimate Net Entitlement.
Where separate oil and gas cases are presented for a Prospect or Lead, these are
alternative cases (and therefore are not additive), reflecting the uncertainty in the nature
of the hydrocarbon that may be found in the Prospect or Lead. For the gas case,
potential condensate volumes have also been estimated.
6.1
Egypt: Abu Sennan
The Abu Sennan license has already been described in Section 1.2 of this report.
Figure 1.1 shows the location of the license in the Western Desert. Figure 1.2 illustrates
the general stratigraphy of the area. Until 29
th
May, 2014, the exploration licence was in
the first of two optional 2-year extensions and covered 1,192 km
2
(after a first
relinquishment). KE has now entered into the second 2-year extension, which will run
until May, 2016, with a further relinquishment reducing the area to 733 km
2
. Five
discoveries have been made (Figure 1.4) and oil and gas/condensate production is
established from the Upper Cretaceous Abu Roash (C, E and G Members) and Lower
Bahariya Formations.
A large number of Prospects (Table 6.1) and Leads (Table 6.2) have been identified by
KE, many with multiple reservoir targets in the established Upper Cretaceous plays, in
deeper, higher risk Lower Cretaceous and Jurassic plays, and in shallower Tertiary plays
in the far north and south of the block. Most of the Cretaceous targets lie at depths
between 8,000 ft (2,500 m) and 11,500 ft (3,500 m). Deeper targets lie at depths of
approximately 11,500 ft (3,500 m) to 13,000 ft (4,000 m).
Prospects are features that have been sufficiently well defined that they are considered
ready to be drilled. Leads, on the other hand, need further work and/or data to attain
Prospect status, or be rejected as no longer being Leads. Tables 6.1 and 6.2 reflect
GCA’s view on the classification of each target as a Prospect or Lead and GCA’s
independent estimate of the geological chance of success (GCoS). The Prospective
Resources volumes reflect adjustments made by GCA to estimates previously made by
