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Near Term Strategic Focus and Development
Plan
Key Strategic Initiatives by Country
Egypt
Iraq
•
Ongoing drilling program to increase current production levels from ~20 kboepd
•
Area A Water Injection to enhance production
•
ERQ pipeline construction to reduce operating costs and trucking
Block 9
•
Early production startup on Iraq Block 9 with the Faihaa 1 well brought on stream in October 2015
•
Faihaa 2 well spud on 3
rd
of January 2016 and expected to start producing mid-2016, Faihaa 3 well will be
drilled after Faihaa 2 with production early-2017
•
Ongoing demining and 3D acquisition campaign in 2016
•
Preparing Field Development Plan
Siba
•
Complete gas plant construction with 100mmscfd capacity
•
Continuous drilling program with one rig
•
Production commencement in 1H 2017
Yemen
•
Monitoring situation in country
Oman
•
Focus on increasing production levels by well optimization, EOR (water & cyclic steam injection) and
exploration
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