Kuwait Energy awarded Block 9 in 4
th
bidding round in May
2012
802mmboe of recoverable contingent resources (KE
WI)
KE operated (70%) exploration block
(1)
30-year service agreement signed in January 2013
World class potential
Area adjacent to super giant oil fields
Largely derisked
Access to 3 producing fields
Near existing infrastructure
High return project due to significant reserves
First exploration well Faihaa 1 resulted in a discovery
Preliminary tests of the Mishrif formation resulted in
a flow rate of ~ 2,000 bopd of 20 API oil on 32/64"
choke, testing of the Yamama formation in progress
(1) The company is in active discussions about a farm out of a portion for Block 9. Post farm out Contingent Resources (2C) would decrease in proportion to any agreed farm out.
Iraq Assets – Block 9: Resource Position
with Material Growth Potential
20
IRAN
IRAQ
Zubair
7.5bnboe
Siba
Tuba
Rumaila North
Rumaila
15.5bnboe
West Qurna
29.9bnboe
Majnoon
13.0bnboe
Azadegan
South
1.1bnboe
Yadavaran
0.9bnboe
Nahr
Umr
5.2bnboe
B9NE
B9W
BASRAH
Block 9
Rumaila South
Location Map
Overview
