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5
Exploration
No additional exploration activities took place during the
second quarter of 2015.
The following table summarizes the carry over exploration
activities from 2014 to Q2 2015 exploration activities:
Country
Basin/ Area
Well Name
Cost Interest
Well Status at end Q2 2015
2014 Carry-over wells
Egypt
Abu Sennan
ASH-1X
78.00%
Tested successfully Alam El
Bueib reservoir with rates 2,755 bopd
and 2.7 MMscf of gas on 64’’ choke
4
.
Iraq
Block-9
Faihaa-1
70.00%
3
Mishref~3,600bopd at 64/64" choke,
Yamama ~8,800 bopd at 64/64" choke
The well is shut and awaiting testing unit
to conduct testing operations.
Q1 2015
Egypt
Area A
EY-3X
70.00%
Dry hole
Q2 2015
No exploration activities
Total (2015 wells spud)
1
3
Pursuant to a farm-out arrangement entered into with EGPC for a 10% working interest share in Block 9, Kuwait Energy’s cost working interest and revenue working
interest in Block 9 will be reduced to 60%. The deal is awaiting the final signature of the assignment of interest.