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Block 9 – Key Development Opportunity
Surrounded by Giant Oil Fields
(1)
Giant oil field in one of the most prolific oil
regions in the world
Southern Iraq producing 3.5 mmbbl/d
(2)
Well understood geology and proven
basin
Stable oil regime in Southern Iraq with IOCs
having record of uninterrupted production
2P WI of 688 mmboe and 2C 976 mmboe
Three wells drilled and currently producing 14.6
kbbl/d gross (8.8 kbbl/d WI) during 1H 2017
(3)
Field shared with Iran (Yadavaran)
(4)
–
production on the Iranian side of 76.9 kboe/d
(5)
in 2016
Block 9 represents one of the largest
independent-operated oil field developments
globally
(6)
Directors believe there will be no production
restrictions from OPEC cuts
Source: Company filing, Wood Mackenzie.
Note: Companies in the map represent international operators (not including Iraq’s state and national oil & gas companies); volumes represent recoverable resources as at 1 January 2017 according to Wood Mackenzie,
except for Faihaa field which represents the gross 2P and 2C resources based on GCA report as at 31 December 2016.
(1) Giant oil field defined as fields with > 500 mmboe of recoverable resources or with daily production exceeding 100 kboe/d. (2) Production for all fields represent 2016 average production based on Wood Mackenzie.
(3) Represents average production rate during 1H 2017. (4) Yadavaran field not part of Kuwait Energy’s asset portfolio; Faihaa field crosses over into Yadavaran. (5) Source: Wood Mackenzie.
(6) Source: Wood Mackenzie; excluding fields operated by oil and gas majors and national oil and gas companies.
Oil Field
Gas Field
Country Border
/
Faihaa
2.8 bnboe
/
14