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Health, Safety, Sustainability and Environment
Kuwait Energy classifies its recordable incidents as Fatalities, Lost Time Incidents (“LTI”), Restricted Work Incidents
and Medical Treatment Incidents.
Kuwait Energy in the reporting period has only experienced the single
LTI incident
at the Block 9 concession in Iraq,
which was described in the last Operational Activity Report. The LTI at Block 9, Iraq, has been
the lone incident in
4.7 million man-hours worked YTD
in Kuwait Energy’s operated areas.
The table below provides the number of days without LTI at the end of the reporting period, compared to figures at
the end of 2016 for the countries in which Kuwait Energy operates:
Country
Days without LTI
(at the end of June
2017)
Days without LTI (at the of end of
2016)
Iraq
105
816
Egypt
501
320
Yemen
1,123
576
Production
For the YTD June 2017 reporting period, Kuwait Energy achieved an
average daily WI production
of
27,405 boepd
,
an
increase of 11.5%
on the
2016 average daily WI production
(24,573 boepd
)
.
Total WI production for the
reporting period was 4.96 mmboe
, an
increase of over 9%
on the corresponding period last year (4.54 mmboe).
A large part of the Company’s production growth is attributable to the expansion of Iraq activities at Block 9.
Exit WI
production
for the reporting period (30 June 2017) at Block 9 was
10,853 boepd
. These levels will increase
throughout the year as we continue to drill more wells on the concession, with the
completion of the next well,
Faihaa-4, anticipated to be finalised in Q3 2017
.
In Egypt,
production targets for the reporting period were exceeded
, with
Egyptian average daily WI production
for the reporting period of 16,173 boepd
. The exceeded Egyptian target is primarily due to our efficient work over
and well management program.
Our Yemen production remains suspended due to the on-going civil conflict; however, the Company is positioned
to restart activities when the situation in the area permits.
O
PERATIONAL
A
CTIVITY