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Established Track Record of Delivering Growth
18
2005
2006
2007
2008
2009
2010
2011
2012
2013
2015
August:
Incorporated
as Zahra Oil
and Gas
Company
KSCC
2014
March
Signed service
contract for Karim
Small Fields (Oman)
June
Acquired interest in
Burg EI Arab field
(Egypt)
December
Won international
auction for Blocks 82
and 83 (Yemen)
April
Acquired interest
in Luzskoye field
(Russia)
July
Acquired interests in
Kunri exploration
block (Pakistan) and
Abu Sennan block
(Egypt) for 60%
interest
September
Signed a
memorandum of
cooperation
with Iraqi
government
December
Acquired
Cardinal
Resources’
interests in
Ukraine
January
Acquisition of Abu Sennan
included operatorship
with additional 9% interest
and acquired 40% interest
in Jherruck block
(Pakistan)
August
Acquired 8 blocks from Oil
Search in Egypt and
Yemen
October
Acquired
additional 3%
interest in
Abu Sennan
June
Acquired
additional 25%
interest and
operatorship of
Burg EI Arab
December
Acquired
additional 63%
interest in
Luzskoye and
Chikshina fields
June
Pre-qualified by
Iraqi Oil
Ministry to bid
as an operator
in future
bidding rounds
June
Signed two 20
year gas
development
contracts in Iraq
December
Completed
corporate
restructuring
and Jersey
incorporation
May
Awarded
exploration and
development
contract for
Block 9 in 4th
Iraqi licensing
round
January
Signed an
exploration,
development and
production service
contract for Block
9, Iraq
Acquired Jannah
Hunt Oil Company
and its 15%
participating
interest in Block 5
in Yemen
April
Kuwait Energy
Ukraine (KEU) sold
to Zoynel Limited, a
Cypriot investment
group
July
Entered into
agreement with
EGPC to farm-out
10% of Block 9
September
Discovery of first oil in
the Mishrif formation in
Block 9
November
Russian assets were
sold with net proceeds
of US$8.3m
December
Discovery of first oil in
the Yamama formation
in Block 9
March
Signed a Consultancy
Services Contract for
Integrated EOR for
KOC with Surtek Inc.
April
Abu Sennan gas
production begins;
Obtained new 25-year
service contract for
KSF, Oman
June
Acquired an additional
25% working interest
in BEA and exited
Yemen Block 43
September
Completed Block 9 10%
WI farm-out to EGPC
October
Commencement of oil
production from
Faihaa-1 well in Block 9
11,990
11,687
10,021
6,050
1,842
680
21,898
16,738
25,000
24,484
Average Daily WI Production (boepd)