Second Quarter 2014 Activity Report
Page 9
4.
D
EVELOPMENT
A
CTIVITY
:
The main development activities during the second quarter of 2014 included the drilling of 11 development
wells (8 in Oman, 2 in Egypt and 1 in Iraq). US$53.5 million* in development expenditure was mainly spent on
drilling, gas plant facilities and pipelines in Siba, Iraq.
Country
Basin/Area
No. of
Wells
Target
Kuwait
Energy Cost
Interest
Status at end Q2 2014
Q4 2013 Carry-over wells
Egypt
Abu Sennan
1
Oil
78.0%
Producer, gross initial oil rate of ~4,000
boepd (Kuwait Energy WI share ~2,000
boepd), however production restricted
due to high gas to oil ratio
BEA
1
Oil
75.0%
Producer, gross initial rate ~150 boepd
(~113 boepd)
Oman
Karim Small Fields
2
Oil
15.0%
Producers
Yemen
Block 5
1
Oil
15.0%
Suspended due to security concerns
Block 43
1
Oil
33.3%
Suspended due to security concerns
Q1 2014
Egypt
Abu Sennan
1
Gas/Oil
78.0%
Testing
Area A
3
Oil
70.0%
1 Producer with an initial gross rate of 320
boepd (Kuwait Energy WI share ~ 224
boepd), 1 under testing and the other is
being sidetracked
BEA
2
Oil
75.0%
1 Producer with an initial gross rate of 270
boepd (Kuwait Energy WI share ~ 203
boepd) and 1 under well treatment
ERQ
1
Oil
49.5%
Producer with an initial rate of 3750bopd
(Kuwait Energy WI share ~1,856 boepd)
Oman
Karim Small Fields
10
Oil
15.0%
10 Producers
Q2 2014
Oman
Karim Small Fields
8
Oil
15.0%
6 Producers, 2 drilling
Egypt
Abu Sennan
1
Gas/Oil
78%
Drilling
ERQ
1
Oil
49.5%
Drilling
Iraq
Siba
1
Gas/
Cond
60%
Drilling
*
Based on management accounts which are unaudited.
