Yemen Asset Summary
YTD Nov 2014 WI average production for Yemen amounted
to c. 4.4mboepd
Block 5 and 43 currently producing and has established
infield infrastructure and sales channels
Exploration opportunities exist on all blocks
All blocks operated under PSCs
Development plan focused on Block 5
KE is in discussions with the Government to renew Block 5
license post 2015
(1)
22
Strong relationship with key local decision makers has
facilitated KE’s operations and led to minimum disruptions
In discussion with Yemen Government to develop gas
reserves for domestic supply – replacing high cost fuel oil
imports for power generation
(1) Force majeure period to extend the current contract to December 2016 but still awaiting confirmation from the Yemen Government.
Overview
Local Relationship
Location Map
