Egypt
71%
Yemen
19%
Oman
10%
Corporate Snapshot
Established in 2005, Kuwait Energy (“KE”) is a leading independent Oil & Gas company with regional knowledge and
technical expertise, set up to exploit untapped reserves and resources in the MENA region
KE leverages its technical excellence, experience and business relationships in the region to successfully explore, develop
and operate upstream oil and gas assets in Egypt, Yemen, Iraq and Oman
Current production in Egypt, Yemen and Oman
Current development in Iraq with Siba project expected to come on-stream in Q4 2015
KE has raised more than $1bn in equity and debt since 2005, supported by diversified regional and US investors, including
the IFC
Source: Kuwait Energy, GCA Report 31 May 2014.
Notes: Gas and condensate volumes were converted to oil equivalent volumes using conversion factors of 6.0 Mscf/boe and 1.0 bbl/boe. Estimates above exclude Karim Small Fields (Oman) where activities are carried out
pursuant to a service agreement whose terms do not allow external reporting of reserves volumes.Reserve and resources are Kuwait Energy Working Interest. Reserves and resources as at 31 May 2014 audited by
Gaffney Cline & Associates (“GCA”).
(1) Average YTD Nov 2014 working interest daily production including Oman. (2) Based on GCA Report 31 May 2014. (3) Oil includes condensate and crude oil. (4) 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.
Yemen
2%
Egypt
2%
Iraq
96%
850 mmboe (86% oil)
(3)(4)
165.7 mmboe (38% oil)
(3)
Iraq
80%
Egypt
17%
Yemen
3%
5
24.3 kboepd (100% oil)
(3)
YTD Nov 2014 WI Production
(1)
2P WI Reserves
(2)
WI Contingent Resources (2C)
(2)
