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7.5
7.0
6.2
6.0
5.5
5.5
5.0
2.0
2.0
1.9
1.5
1.4
1.4
1.2
Siba Mansuriya B9 Najmah Badra Akkas Qaiyarah Rumaila Zubair
WQ1 Gharraf Halfaya Majnoon WQ2
Iraq Assets
Overview
Asset Images
Portfolio of three oil & gas blocks
(1)
awarded in the 2011
and 2012 licensing rounds
Service contracts with 100% take-or-pay
Attractive service fees across all assets
(1)
Service fee per boe, independent of oil price, and
rapid cost recovery mechanism
Block 9 and Siba located in the Basra Province in Southern
Iraq
First cargo of Kuwait Energy’s Block 9 crude entitlement
lifted in October 2016 with $13.6m payment received by
2016 YE
Second cargo being scheduled to be lifted in March
2017
Service Fee Benchmark of Selected Iraqi Oil & Gas Fields ($/boe)
(2)
Operator:
Nineveh
Oil
(3)
Nineveh
Oil
(3)
/
Kuwait Energy Blocks
(1) Includes Mansuriya which is currently under administrative hold.
(2) Source: Petroleum Contracts and Licensing Directorate of the Iraqi Ministry of Oil. (3) Nineveh Oil is the State Oil Company of the Nineveh province in Iraq.
Block 9
Siba
/
SOMO
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