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Health, Safety, Sustainability and Environment
Kuwait Energy classifies its recordable incidents as Fatalities, Lost Time Incidents, Restricted Work Incidents and
Medical Treatment Incidents.
No recordable incident took place in Kuwait Energy’s operated areas during the second quarter of 2016. Only one
LTI incident took place year-to-date on 15 February 2016 Area A in Egypt, which was reported in last quarter’s
report.
The table below provides the number of days without LTI at the end of Q2 2016 compared to figures at the end of
Q1 2016 for the countries in which Kuwait Energy operates.
Country
Days without LTI
(as of
Q2 2016)
Days without LTI (as of
Q1 2016)
Iraq
632
541
Yemen
392
301
Egypt
136
45
Production
Kuwait Energy achieved
YTD average daily WI production
of
24,828 boepd
. The
Q2 2016 average daily WI
production
stood at
23,924 boepd
; 7.1% lower than the previous quarter (
25,747 boepd
) due to natural
production decline in ERQ and Abu Sennan in Egypt. Furthermore, Work-Overs were carried out for wells in Abu
Sennan, BEA and Area A. Production in Yemen remains shut down since April 2015 as a consequence of the
political situation that continue to prevent cargo ships from entering the oil export port.
The Group continues to produce steadily in Iraq with YTD average daily WI production of
3,321 boepd
from Faihaa-
1 well in Block 9. The Group anticipates
at least similar production rates
from Faihaa-2 well, expected to start
producing in August 2016.
The chart below shows
quarter-by-quarter daily WI average production
of the Company from Q1 2013 to Q2
2016:
Q1 13 Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 Q2 15 Q3 15 Q4 15 Q1 16 Q2 16
Production 19,960 21,770 23,302 22,519 22,467 23,720 24,921 26,780 27,099 24,223 23,522 25,194 25,747 23,924
0
5,000
10,000
15,000
20,000
25,000
30,000
BOEPD
O
PERATIONAL
A
CTIVITY