Kuwait Energy
EL-12-211107
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following forward schedule of gross unrecovered historic costs, as provided
by KE, has been used:
Year
Unrecovered Costs (US$ M)
BEA
Abu Sennan
ERQ
Balance at 31
st
May, 2014
11,093
12,524
-
2014 Addition (Remainder)
6,651
13,825
16,838
2015 Addition
6,266
18,433
13,636
2016 Addition
3,382
18,433
7,666
2017 Addition
1,824
12,590
3,334
2018 Addition
1,297
3,724
-
Production Sharing:
o
Abu Sennan: 82.1% of all hydrocarbon (after cost recovery) to EGPC
and 17.9% to the Contractor Group.
o
Burg El Arab: 80% of gas and LPG production to EGPC and 20% to
the Contractor Group; for profit oil the split is progressive based on
average production rate as follows:
Production Rate
(Mbopd)
Contractor Group
Share (%)
< 25
22
25 – 50
20
50 – 100
18
≥ 100
15
o
ERQ: 70% of gas and LPG production to EGPC and 30% to the
Contractor Group; for profit oil the split is progressive based on
average production rate as follows:
Production Rate
(Mbopd)
Contractor Group
Share (%)
< 5
30
5 – 10
29
10 – 25
28
25 – 50
27
50 – 100
26
≥ 100
25
o
Area A: production sharing is only applicable to the incremental
production above the Baseline and it is based on average oil
production rate. The incremental production splits for Shukheir NW
and the other fields are as follows:
