9 / 49
Near Term Strategic Focus and Development
Plan
9
Key Strategic Initiatives by Country
Egypt
Iraq
•
Ongoing drilling program to increase current production levels
•
Area A Water Injection to enhance production
•
ERQ pipeline reduced operating costs and trucking
Block 9
•
Early production startup on Iraq Block 9 with the Faihaa 1 well brought on stream in October 2015 and Faihaa
2 commencing production in September 2016
•
Faihaa 3 well spud on 31 August 2016 and expected to start producing 1H 2017
•
Ongoing demining and 3D acquisition campaign in 2016
•
Preparing full Field Development Plan
Siba
•
Complete gas plant construction with 100mmscfd capacity
•
Continuous drilling program in 2017
•
Production commencement in 1H 2017
Yemen
•
Monitoring situation in country
Oman
•
Focus on increasing production levels by well optimization, EOR (water & cyclic steam injection) and
exploration