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5
Development & ExploraƟon
The main development and exploraƟon acƟviƟes during 2016 included the
drilling and compleƟon of Faihaa-2 and
the drilling of Faihaa-3
in Block 9, Iraq (with Faihaa-3 first oil producƟon expected in Q1 2017); and the
commencement of producƟon from exploraƟon well Al Jahraa SE-1X,
a successful discovery from Q2 2016. The
table below provides the status of the development and exploraƟon wells at the end of 2016:
Country
Basin/Area
Well name
No. of
Wells
Cost
Interest
Status at End of Q4 2016
Q4 2015 Carry-over wells
Oman
Karim Small
Fields
Ilham-P22,
SIMSIM-P13
2
15%
On producƟon
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
Oman
Karim Small
Fields
Various
10
15%
Producing
Q4 2016
Oman
Karim Small
Fields
Various
8
15%
Producing / Under CompleƟon
Egypt
Abu Sennan
ASH-1X ST2
1
78%
Producing
Total for 2016
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