Kuwait Energy
EL-12-211107
76
6.2
Egypt: Burg El Arab (BEA)
BEA has already been described in Section 1.1 of this report. Figure 1.1 shows its
location and Figure 1.3 shows the existing wells, which produce from the AR-D, AR-G,
Upper, Middle and Lower Bahariya reservoirs. Three Prospects (Table 6.3) and one
Leads (Table 6.4) have been identified in fault blocks adjacent to the existing field.
Drilling of the Southwest BEA Prospect began on 21
st
May, 2014.
All Prospects and Leads are in proved reservoir intervals so are relatively low risk, but it
should be noted that not every reservoir has been productive in all the wells drilled to
date: several wells within the main field area have encountered some dry reservoir
intervals. This indicates risks associated with trapping and with reservoir facies variation,
which have been considered by GCA in estimating GCoS.
TABLE 6.3
SUMMARY OF OIL PROSPECTIVE RESOURCES (PROSPECTS)
AS AT 31
st
MAY, 2014: BURG EL ARAB (EGYPT)
Prospect
Gross (MMBbl)
KE WI
(%)
KE Net (WI Basis) (MMBbl)
GCoS
(%)
Low
Best
High
Low
Best
High
Northeast
BEA
L Bah
0.2
0.5
1.0
75
0.2
0.4
0.7
26
U Bah
0.2
0.5
1.1
75
0.1
0.4
0.8
26
ARG
0.1
0.3
0.7
75
0.1
0.3
0.6
34
Southwest
BEA
L Bah
0.2
0.4
0.7
75
0.1
0.3
0.6
20
M Bah
0.1
0.3
0.6
75
0.1
0.2
0.4
20
U Bah
0.1
0.2
0.4
75
0.0
0.1
0.3
20
ARG
0.1
0.2
0.3
75
0.0
0.1
0.2
20
South-1
BEA
L Bah
0.1
0.2
0.3
75
0.1
0.1
0.3
19
M Bah
0.1
0.2
0.3
75
0.0
0.1
0.2
19
U Bah
0.0
0.1
0.2
75
0.0
0.1
0.2
19
ARG
0.0
0.1
0.2
75
0.0
0.1
0.2
24
Notes:
1.
Gross Prospective Resources are 100% of the volumes estimated to be recoverable from the
Prospect in the event that a discovery is made and subsequently developed.
2.
KE Net Prospective Resources in this table are KE’s Working Interest fraction of the Gross
Prospective Resources; they do not represent KE’s actual Net Entitlement under the terms of the
PSC that governs the asset, which would be lower.
3.
The GCoS reported here represents an indicative estimate of the probability that drilling this
Prospect would result in a discovery.
4.
The volumes reported here are “unrisked” in the sense that no adjustment has been made for
geological or commercial risk, i.e. the risk that no discovery will be made or that any discovery would
not be developed.
5.
Prospective Resources should not be aggregated with each other, or with Reserves or Contingent
Resources, because of the different levels of risk involved.
6.
L Bah = Lower Bahariya; M Bah = Middle Bahariya; U Bah = Upper Bahariya; ARG = Abu Roash G.
