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Kuwait Energy Assets

As at 31 December 2015

Region

Licence

Cost WI (%)

Revenue WI

(%)*

Operator

Status

Iraq

Siba

60.00%

45.00% Kuwait Energy Development

Mansuriya

30.00%

22.50% TPAO

Administrative Hold

Block 9

60.00%

60.00%

Kuwait Energy Producing Asset Under

Appraisal (PAUA)

Egypt

Area A

70.00%

70.00% Kuwait Energy

Producing Asset with

Exploration Potential

(PAEP)

Abu Sennan

78.00%

50.00% Kuwait Energy PAEP

Burg El Arab (BEA)

100.00% 100.00% Kuwait Energy PAEP

East Ras Qattara (ERQ)

49.50%

49.50% Sipetrol

PAEP

Yemen

Block 5

15.00%

15.00% Kuwait Energy PAEP

Block 49

75.29%

64.00% Kuwait Energy Exploration Asset (EA)

Oman

Karim Small Fields (KSF)

15.00%

15.00% Medco

PAEP

* Revenue working interest is the percentage interest of the Group in the revenues derived from sale of production from an asset, before taking

into account any taxes, fees, royalties or other payments.

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