23 / 35
Other Assets
Oman Assets
25-year service contract for Karim Small Fields (KSF),
a cluster of 13 oilfields and 7 discoveries
15% indirect interest in KSF via a 20% interest in
Medco LLC, a subsidiary of Medco International
Current operational focus on increasing production
levels by well optimization, EOR and exploration
Plan to drill 65 development, six appraisal wells over
the next five years
Management believes that there is potential to
expand Oman asset base in the future
Kuwait Energy License Blocks
Yemen Assets
Management believes that there is significant
development or exploration potential in all of Kuwait
Energy’s blocks in Yemen
Yemen operations on hold since April 2015 due to
political instability
Shut-in production of 3.9 kboe/d in Q1 2015
(1)
Management hopes to resume production in
the near future; political situation being
monitored
Untapped contingent resources within the blocks
provide potential upside when the security situation
improves
Oil Field
Gas Field
Source: Company filing.
(1) Based on monthly production report for March 2015.
23