Kuwait Energy
EL-12-211107
78
TABLE 6.5
SUMMARY OF OIL PROSPECTIVE RESOURCES (PROSPECTS)
AS AT 31
st
MAY, 2014: ERQ (EGYPT)
Prospect
Gross (MMBbl)
KE
WI
(%)
KE Net (WI Basis) (MMBbl)
GCoS
(%)
Low
Best
High
Low
Best
High
Shebl
East-2
AR-E
0.1
0.4
1.1
49.5
0.1
0.2
0.6
20
L Bah
0.3
0.6
1.1
49.5
0.2
0.3
0.6
32
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.
6.4
Egypt: Area A
Area A has already been described in Section 1.4 of this report. Figure 1.1 shows its
location and Figure 1.7 shows the existing fields and earlier exploration wells.
Established production is mainly from relatively shallow reservoirs of Miocene age in the
Rudeis, Belayim, Hammam Faraun and other Formations.
Two Prospects have been identified (Table 6.6), both comprising fault blocks adjacent to
existing fields, each with a single reservoir target. Both are of reasonable size. The main
risk factor is trap definition, since the seismic data quality in the area is poor.
TABLE 6.6
SUMMARY OF OIL PROSPECTIVE RESOURCES (PROSPECTS)
AS AT 31
st
MAY, 2014: AREA A (EGYPT)
Prospect
Gross (MMBbl)
KE WI
(%)
KE Net (WI Basis) (MMBbl)
GCoS
(%)
Low
Best
High
Low
Best
High
South
Kareem
Rudeis
10.9
14.8
19.2
70
7.6
10.4
13.4
13
Northeast
Shukheir Belayim
8.6
11.2
14.1
70
6.0
7.8
9.9
20
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.
