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Highlights

Kuwait Energy entered Iraq through two licensing rounds in 2010

and 2012

Key assets include:

Block 9 – significant discoveries with production achieved in

October 2015

Gas development in Siba - expected to start production in 1H

2017

Mansuriya – currently under administrative hold

Iraq Assets Overview

(1) Revenue working interest.

(2) As of October 2015, Block 9, Iraq commenced production from Faihaa-1 well at the rate of 5,000 bpd on 32/64 inch choke.

Location Map

Field

Status

Kuwait Energy

Operator

Working Interest

(1)

2P WI Reserves

(mmboe)

2C WI Resources

(mmboe)

WI Production (boepd)

2015

Q1 2016

Block 9

Producing

60.00%

671

871

549

(2)

3,396

Siba

Development

45.00%

59

15

Mansuriya

Administrative

Hold

22.50%

52

19

Total

783

906

549

3,396

Assets Detail

20