WQ2 Majnoon Halfaya Gharraf
WQ1 Rumaila Zubair Qaiyarah Badra Akkas Najmah B9 Mansuriya Siba
Portfolio of three oil & gas blocks
awarded in the 2011
and 2012 licensing rounds
Block 9 and Siba located in the Basra Province in Southern
Iraq, close to the Kuwaiti border
First cargo of Kuwait Energy’s Block 9 crude entitlement
lifted in October 2016 with $13.6m payment received by
Second cargo of c.350 kbbl net to Kuwait Energy was lifted
at the beginning of April 2017, total gross proceeds realised
c.$16.6m, of which Kuwait Energy’s share was $3.8m
Service Fee Benchmark of Selected Iraqi Oil & Gas Fields ($/boe)
Kuwait Energy Blocks
(1) Includes Mansuriya which is currently under administrative hold.
(2) Source: Petroleum Contracts and Licensing Directorate of the Iraqi Ministry of Oil. (3) Nineveh Oil is the State Oil Company of the Nineveh province in Iraq.