EGYPT KEY STATISTICS
BRENT CRUDE
OIL PRICE
OIL PRICE
EGYPT KEY STATISTICS
4
Exploration, Development &
Production Block
19.5
Mmboe 2P Reserves
2022
6.7
Mmboe Gross Cum Production
2022
18.4
Mboed Gross Daily Production
2022
As of year 2022, EGYPT’s 2P reserves wer21.1. mmboe and gross cum production were8.0 mmboe with gross daily production of 22.0 mboepd.
The Group holds interests in four blocks in Egypt. It has a 100% participating interest in Burg El Arab. Participating interest in Area A, Abu Sennan and East Ras Qattara are 70%, 25% and 49.5% respectively. The Group are operators for all these blocks, except for East Ras Qattara. In 2021, average daily gross production was approximately 18,386 boed, and average daily working interest production was approximately 12,435 boed. Accumulated gross production and working interest production for the year were approximately 6.7 mmboe and 4.5 mmboe respectively. Egypt Assets has an oil and liquids ratio of ~98%
* According to UEG’s Investor’s Report (2022).
“Kuwait Energy has a proven track record of production growth and exploration success on all its assets in Egypt. Egypt is a key focus for the company and we are very proud of the achievements and successes so far. Our strategy is to build on what we have accomplished to grow further and continue as a main player in the booming Egyptian oil and gas sector. The distinguished relations with the Oil Ministry and EGPC has resulted in a successful partnership in Iraq through acquiring shares in Block 9 and Siba.”