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Kuwait Energy Reserves & Resources

Classification

Category

Kuwait Energy Reserves and Resources (in mmboe)

YE13

2014 Production

Exploration

Adds

Revisions

Acquisitions & Divestments

YE14

YE14 Net Entitlement

Reserves

1P

2P

3P

90.5

213.1

300.7

-7.5

169.3

509.2

1,038.4

6.8

3.2

-6.1

-0.1

-46.6

-93.5

259.0

671.3

1,232.0

68.8

108.7

152.8

Contingent

Resources

2C

853.0

0.0

-92.9

-0.7

759.4

Prospective

Resources

Best

37.1

0.0

2.7

-8.1

31.6

Total

YE14

YE13

1P RRR =

2337%

1P RRR = 61%

2P RRR =

6186%

2P RRR = -16%

Notes:

1. Certified figures by GCA.

2. Excludes KSF (Oman) which cannot be included in external reserves reporting as per contract.

3. Reserves Replacement Ratio considers acquisitions and divestment.

4. Prospective Resources estimates are risked.

5. N/E stands for Net Entitlement.

6. Totals may not exactly equal the sum of the individual entries due to rounding.

7. Ukraine and Russia were divested in 2014.

8. 2014 production is based on actuals up to November 2014 and an estimate for December 2014.

Detailed Reserves & Resources by Asset

Asset

WI Reserves and Resources (mmboe)

Country

1P

2P

2C

Burg El Arab

Egypt

0.6

5.0

10.5

Area A

Egypt

3.0

12.1

-

Abu Sennan

Egypt

0.9

3.4

-

ERQ

Egypt

6.4

11.5

-

Block 43

Yemen

-

-

0.1

Block 5

Yemen

3.3

4.2

8.3

KSF

Oman

-

-

-

Siba

Iraq

30.0

58.1

12.2

Mansuriya

Iraq

46.4

69.6

8.4

Block 9

Iraq

168.4

507.5

708.0

Block 49

Yemen

-

-

11.7

Block 82

Yemen

-

-

-

Total

259.0

671.3

759.4

Notes:

1. Certified figures by GCA.

2. KSF (Oman) which cannot be included in external reserves reporting as per contract.