Strategy for Sustainable Growth
6
Focus on the MENA region
o
Proven, prolific hydrocarbon basins, low cost operations
o
Regional relationships and track record
Emphasis on production & development over exploration
o
Majority operated assets
o
Flexibility and cost management
Prudent financial strategy
o
Established risk management function
o
Shareholder focused financial policy
Leverage local knowledge and expertise
o
Regional champion; access to new opportunities
o
Enhance operational effectiveness and reduce risk
Striving to deliver diversified, cost effective and low risk growth
810
744
711
462
368
353
304
203
161
52
44
33
Kuwait
Energy
Lundin
Aker BP
Seplat
DNO
Premier
Tullow
Maurel &
Prom
Genel
Energy
Cairn
Ophir
SOCO
Largest 2P Reserves Amongst Peers
2P WI Reserves (mmboe)
(1)
Source: Peers’ reserves based on 2016 YE 2P figures as disclosed by the companies; Kuwait Energy figures based on Operational Activity Report for YTD June 2017, excludes Oman reserves due to service contract restrictions.
Kuwait Energy 2P reserves are presented on a WI basis.