3 / 14
2015 Key Highlights
2
Recorded 818 mmboe of audited 2P WI reserves for YE2015. A net increase
of 147 mmboe (22%) in comparison to YE2014 2P reserves of 671 mmboe
Commenced oil production from Faihaa-1 well in Block 9, Iraq in October
Commenced gas production post gas plant completion in Abu Sennan, Egypt
Completed farm-out of 10% working interest in Block 9, Iraq to the Egyptian
General Petroleum Corporation (EGPC)
Acquired additional 25% working interest in Burg El Arab, Egypt and o
btained
a new 25 year service contract in Oman
Signed a Consultancy Services Contract with Surtek Inc. who successfully bid
on an Integrated Enhanced Oil Recovery Study for Kuwait Oil Company