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WQ2 Majnoon Halfaya Gharraf
WQ1 Rumaila Zubair Qaiyarah Badra Akkas Najmah B9 Mansuriya Siba
Iraq Assets
Overview
Asset Images
Portfolio of three oil & gas blocks
(1)
awarded in the 2011
and 2012 licensing rounds
Block 9 and Siba located in the Basra Province in Southern
Iraq, close to the Kuwaiti border
First cargo of Kuwait Energy’s Block 9 crude entitlement
lifted in October 2016 with $13.6m payment received by
2016 YE
Second cargo of c.350 kbbl net to Kuwait Energy was lifted
at the beginning of April 2017, total gross proceeds realised
c.$16.6m, of which Kuwait Energy’s share was $3.8m
Service Fee Benchmark of Selected Iraqi Oil & Gas Fields ($/boe)
(2)
Operator:
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
11
Nineveh
Oil
(3)
Nineveh
Oil
(3)
/
/
SOMO