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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

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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.