Egypt Assets – Core Cash Generator for KE
Egypt is a focus country for Kuwait Energy
YTD Nov 2014, Egypt accounts for 71% of production and
17% of 2P WI MENA reserves
Major assets acquired from Oil Search in August 2008
Oil production from Area A, Burg El Arab, ERQ and Abu
Sennan
Gas production from Abu Sennan expected start up
December 2014
Prospective resources upside from Abu Sennan and Area A
Development plan focused on drilling further wells to
improve and maintain production
13
Continued field development programme 2010 – 2014
KE has an excellent relationship with EGPC, KE’s sole offtaker in Egypt, at all working levels
KE has a strong relationship with Egyptian Government on the back of economic support package from the State of Kuwait to
Egypt
Overview
Increasing Cash Flow Generation
Strong Egyptian Relationships
