Kuwait Energy’s Key Iraqi Assets Located in a
Stable Area
•
Kuwait Energy’s Siba asset will supply domestic gas for
power generation
•
Strong support from government to Kuwait Energy’s
operatorship of the largest gas resource in southern Iraq
•
Siba project on budget, enhancing Kuwait Energy’s
reputation in Iraq
Strong
Demand for
Domestic
Gas
South Oil
Company as
Offtaker
Southern
Iraq Secure
•
Southern Iraq produces ~3mmboepd
(1)
oil and has been
operating without interruption
•
Distant from areas of unrest which are in any case limited
•
Homogeneous population and has been largely isolated from
conflicts over the last 10 years, wealthiest region in Iraq
•
Kuwait Energy enjoys strong government and local
relationships
•
South Oil Company (SOC) has a reputation of consistent
payments to IOC counterparties in Iraq
•
Majors operating as counterparties
•
Kuwait Energy’s remuneration may be in cash or kind, on
election by SOC
Context for Kuwait Energy
Siba and
Block 9
Mansuriya
(1) Source: IEA, Iraqi Oil Ministry.
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