Previous Page  7 / 35 Next Page
Basic version Information
Show Menu
Previous Page 7 / 35 Next Page
Page Background

MENA Focused Low Cost Operator

Low Cost Operator

o

Average finding cost of $0.3/boe between 2013

and 2015

(1)

and opex of $6.9/boe over the last 2

years

o

Breakeven oil price of $24/bbl on key Iraqi project

Significant growth opportunity in Block 9 and Siba

developments

o

With gross 1.1 bnboe 2P / 1.6 bnboe 2C, Block 9

offers a significant growth opportunity

o

Siba gas production planned to go onstream in

2018

Strong track record of delivery

o

MENA reserves growth from 18 to 810 mmboe

between 2008 to 2016 and production from 6 to

27.8 kboe/d as at Q2 2017

o

Stable management team with long history of

operating and investing in the MENA region

7

Assets:

Abu Sennan*, BEA*, Area A*, ERQ

2017 Q2 WI Avg Prod’n:

16.0 kboe/d

2016 WI 2P

: 27 mmboe,

2C

: 18 mmboe

Egypt: Core Production

Assets:

Block 9*, Siba*, Mansuriya

(2)

2017 Q2 WI Avg Prod’n:

9.6 kboe/d

2016 WI 2P:

777 mmboe,

2C:

1,006 mmboe

Iraq: Production & Development

Assets:

KSF (Oman), Block 5*

(5)

& Block 49*

(5)

(Yemen)

2017 Q1 WI Avg Prod’n:

2.3 kboe/d

2016 WI 2P:

6 mmboe,

2C:

16 mmboe

Other Assets: Oman

(3)(4)

, Yemen

Source: Company filings, GCA report.

Note: Reserves and resources figures based on Operational Activity Report YTD June 2017, excludes Oman reserves due to service contract restrictions.

* Denotes Kuwait Energy’s operatorship. (1) Based on 2P reserves exploration adds and exploration capex. (2) Currently under administrative hold. (3) Oman reserves not included due to service contract restrictions.

(4) Kuwait Energy’s interest is indirect via Medco LLC; Kuwait Energy operates under a service agreement. (5) Block 5 and Block 49 are currently not producing.