Focused on developing oil & gas for the MENA region
Kuwait Energy is an oil and gas company actively engaged in the exploration, appraisal, development and production of hydrocarbons. Since establishment in 2005, it has built a high-quality, diversified portfolio of oil and gas assets in the MENA region across Iraq, Egypt and Yemen. Our MENA portfolio consists of 7 exploration, development and production assets, of which we operate six.
As of mid-year 2018, Kuwait Energy’s 2P working interest reserves were 783 mmboe and 2C working interest resources are 1,203 mmboe with 2018’s average daily working interest production of 28 kboepd.
Kuwait Energy is a subsidiary of United Energy Group (UEG). UEG is a leading independent Exploration and Production (“E&P”) company which is listed on the main board of the Hong Kong Stock Exchange. (Stock Code: 0467)
UEG focuses mainly on the upstream oil and gas exploration and production business.
UEG’s headquarters are located in Hong Kong with subsidiaries in China and Pakistan. The Beijing office acts as the technical and operational headquarters, while the Karachi Office is the headquarters of United Energy Pakistan Limited (“UEP”), the Pakistan subsidiary of the Company. Over the last few years, UEG has grown rapidly and in 2017 annual production was more than 4 million tons which makes it the 4th largest E&P Company on the Hong Kong Stock Exchange.
Unique access to growth opportunities through regional relationships
UEG as a strong investor and high performer has earned a solid reputation in the recent past. Within a decade it has developed into a sizeable company with operations across several countries within the South Asia and now Middle East and Africa region. The Company is hopeful that it can maximize the potential of its newly acquired assets and add value to benefit the stakeholders associated with our operations such as our employees, our local communities and host governments. UEG looks forward to building a strong, high-performing business that can rival any international company in the region.