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Kuwait Energy Reserves & Resources
Classifcation
Category
Reserves and Resources (in mmboe)
YE14
2015 Production
Exploration
Adds
Revisions
Acquisitions &
Divestments
YE15
YE15 Net
Entitlement
Reserves
1P
259
-8
0
97
-37
312
85
2P
671
1
264 -110
818
137
3P 1,232
2
667 -242
1,651
218
Contingent Resources
2C
759
0
266
-84
942
Prospective Resources
Best
32
0
2
0
34
Total
YE15
YE14
1P RRR = 780%
1P RRR = 2,337%
2P RRR = 1,986%
2P RRR = 6,186%
Notes
• Audited figures by GCA.
• Excludes KSF, Oman which cannot be included in external reserves reporting as per contract.
• Reserves Replacement Ratio considers acquisitions and divestment.
• Prospective Resources estimates are risked.
• N/E stands for Net Entitlement.
• Totals may not exactly equal the sum of the individual entries due to rounding.
• 10% of Block 9, Iraq was divested to EGPC.
• 25% of BEA, Egypt was acquired from Gharib Oil.
• 2015 production is based on actuals up to November 2015 and an estimate for December 2015.
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