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Kuwait Energy’s daily average WI share of production for Q4 2015 compared to Q3 2015 and Q4 2014
per asset is shown in
the table below (in boepd):
Q4 2015
Q3 2015
% Change
Q4 2015
Q4 2014
% Change
BEA
1,695
1,441
17.6%
1,695
1,516
11.8%
Abu Sennan
3,029
3,439
-11.9%
3,029
1,097
176.1%
Area A
4,615
4,557
1.3%
4,615
4,516
2.2%
ERQ
11,111
11,600
-4.2%
11,111
12,255
-9.3%
Egypt Total
20,450
21,036
-2.8%
20,450
19,383
5.5%
Block 9
2,177
0
--
2,177
0
--
Iraq Total
2,177
0
--
2,177
0
--
Oman Total
2,567
2,486
3.3%
2,567
2,581
-0.5%
Block 5
0
0
--
0
379
-100.0%
Block 43
0
0
--
0
4,437
-100.0%
Yemen Total
0
0
--
0
4,816
-100.0%
Production Total
25,194
23,522
7.1%
25,194
26,780
-5.9%
Exploration
The ZZ-5X oil exploration well, located approximately nine kilometres to the west of the El Salmiya Field, discovered
hydrocarbons in the primary Abu Roash Formation. Testing over three intervals, totalling 14 metres in the Abu Roash
Formation, was conducted and trace hydrocarbons were recovered. The well has subsequently been temporarily suspended to
study the possible stimulation options and the rig released. The following table summarizes the exploration drilling activities
for 2015:
Country
Basin/ Area
Well Name
Cost
Interest
Well Status at end Q4 2015
2014 Carry-over wells
Egypt
Abu Sennan
ASH-1X
78%
Tested successfully Alam Albuieb reservoir with
rates 2,755 bopd and 2.7 MMscf of gas on 64’’
choke; current
rate 148 bopd.
Iraq
Block 9
Faihaa-1
60%
Mishrif ~3,600 bopd at 64/64’’ choke, Yamama
~8800 bopd at 64/64” choke
,
daily rate increase to
6,600 bopd at 44/64’’ choke. Faihaa-1 put on fast
track production facilities by trucking the produced
oil with an average rate of 5000 bopd at SOC depot.
Q1 2015
Egypt
Area A
EY-3X
70%
Dry hole.
Q2 & Q3 2015
No Exploration wells spud.
Q4 2015
Egypt
Abu Sennan
ZZ-5X
78%
Well temporarily suspended to study possible
simulation options and the rig released.
Total (2015 wells spud)
2