Reserve Base Diversified Across Assets and
Geographies in MENA
Field
Country
Operator
Working Interest
(1)
WI Reserves and Resources
YTD Nov 2014
WI Production
(boepd)
2P (mmboe)
2C (mmboe)
Producing
Burg El Arab
Egypt
75.00%
6
10
1,154
Area A
Egypt
70.00%
11
-
4,421
Abu Sennan
Egypt
50.00%
3
-
877
ERQ
Egypt
49.50%
8
-
10,830
Block 5
Yemen
15.00%
5
7
4,065
Block 43
Yemen
28.33%
0.1
-
364
KSF
Oman
15.00%
-
-
2,538
Development
Block 9
Iraq
70.00%
(2)
-
802
-
Block 49
Yemen
64.00%
-
12
-
Siba
Iraq
45.00%
60
12
-
Mansuriya
Iraq
22.50%
73
6
-
Block 82
Yemen
21.25%
-
-
-
Total
166
850
24,250
Source: Kuwait Energy, GCA report 31 May 2014.
(1) Revenue Working Interest. (2) The company has a signed SPA with conditions precedent for the farm out of 10% WI of Block 9. Post farm out Contingent Resources (2C) would decrease in proportion to the farm out.
KE operates the majority of its assets giving it better control over costs, as well as enhancing its operational
flexibility
8
