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6

Development

The main development activities during Q3 2015 included the drilling of 17 development wells, 12 in Oman, 4 in Egypt and 1 in

Iraq. The table below provides the status of the development wells at the end of Q3 2015:

Country

Basin/Area Well name

No. of

Wells

Cost Interest

Status at end Q3 2015

Q4 2014 Carry-over wells

Iraq

Siba

Siba-4

1

60%

Initial rate ~6000 bcpd @ 64/64’ choke, 28 MMScf/d

after acid job.

Egypt

Abu

Sennan

Al Jahraa-4

1

78%

Initial rate 1,373 bopd, 1.1 MMscf/d, production

restricted down to 622 bopd , 0.4 MMscf/d; maximum

rate 1,561 bopd, 1.4 MMscf/d (lifted with nitrogen);

current rate (Al Jahraa-04 long string) 151 bopd on

128/64’’ choke size, Al Jahraa-4 short string 513 bopd

on 64/64’’ choke size.

Oman

Karim

Small

Fields

Ilham-P14, SMP-103

2

15%

On production.

Q1 2015

Iraq

Siba

Siba-5

1

60%

Canceled the drilling (weak foundation).

Oman

Karim

Small

Fields

Various

10

15%

On production.

Q2 2015

Egypt

Abu

Sennan

ASA-3

1

78%

Initial rate 588 bopd, 0.21 MMscf/d, production

restricted down to 513 bopd , 0.05 MMscf/d;

maximum rate 1,047 bopd, 0.18 MMscf/d; current

rate 345 bopd, 0.05 MMscfpd on 128/64’’ choke size.

Oman

Karim

Small

Fields

Various

11

15%

On production.

Q3 2015

Iraq

Siba

Siba-6

1

60%

Drilling.

Egypt

Area A

Yusr-63

1

70%

Initial rate 44 bopd, high watercut.

SHNW-11

1

70%

Initial rate 470 bopd, 0.4 MMscf/d, production

increased to actual 589 bopd, 0.39 MMscf/d on

64/64’’ choke size, current rate 521 bopd, 0.4

MMscfpd on 64/64’’ choke size.

BEA

BEA NW-2

1

100%

Initial rate 156 bopd, production increase to 254 bopd,

0.01 MMscf on 128/64’’ choke size, current rate 238

bopd.

BEA-19

1

100%

Drilling.

Oman

Karim

Small

Fields

Various

12

15%

10 on production & 2 drilling.

Total wells spud

(2015)

44