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4
Kuwait Energy’s
daily average WI share of production
for
Q3 2016
compared to Q3 2015
and
Q2 2016
per asset is
shown in the table below (in boepd):
Q3 2016
Q2 2016
% Change Q3 2016
Q3 2015
% Change
Abu Sennan
1,648
1,788
-7.8%
1,648
3,439
-52.1%
BEA
1,247
1,509
-17.4%
1,247
1,440
-13.4%
Area A
5,071
5,013
1.2%
5,071
4,557
11.3%
ERQ
9,467
9,989
-5.2%
9,467
11,600
-18.4%
Egypt Total
17,453
18,299
-4.6%
17,453
21,036
-17.0%
Block 5
0
0
0.0%
0
0
0.0%
Yemen Total
0
0
0.0%
0
0
0.0%
Block 9
2,909
3,181
-8.6%
2,909
-
-
Iraq Total
2,909
3,181
-8.6%
2,909
-
-
Oman Total (KSF)
2,380
2,379
0.0%
2,380
2,486
-4.3%
Production Total
22,742
23,859
-4.7%
22,742
23,522
-3.3%
Development & Exploration
The main development and exploration activities during Q3 2016 included the
finalising of drilling of Faihaa-2 and
the spudding of Faihaa-3
in Block 9, Iraq and the
commencement of production from exploration well Al-Jahraa
SE-1X
a successful discovery from Q2 2016. The table below provides the status of the development and exploration
wells at the end of Q3 2016:
Country
Basin/Area
Well name
No. of
Wells
Cost
Interest
Status at end Q3 2016
Q4 2015 Carry-over wells
Oman
Karim Small Fields
Ilham-P22,
SIMSIM-P13
2
15%
On production
Q1 2016
Iraq
Block 9
Faihaa-2
1
60%
Producing
Oman
Karim Small Fields
Various
10
15%
Producing
Q2 2016
Egypt
Abu Sennan
Al Jahraa SE-1X
1
78%
Producing
Oman
Karim Small Fields
Various
8
15%
Producing
Q3 2016
Iraq
Block 9
Faihaa-3
1
60%
Spud 31
st
August, drilling ongoing
Egypt
Abu Sennan
ASH-1X ST2
1
78%
Producing
Oman
Karim Small Fields
Various
10
15%
Producing / Under Completion
Total wells spud (2016)
32