Kuwait Energy plc announces the commencement of oil production from Faihaa-2 well in Block 9, Iraq

13 - October - 2016

Kuwait Energy plc (“Kuwait Energy”) is pleased to announce the commencement of production from the Al-Jahraa SE-1X exploration well in the Abu Sennan concession located in the Western Desert, Egypt. Discovered on 27 July 2016, Kuwait Energy obtained the development lease from the Egyptian Petroleum Corporation (EGPC) for Al-Jahraa SE-1X on 24 August 2016 and commenced production on 25 August 2016 at an initial rate of 460barrels of oil per day (bopd) from the Abu Roash E (AR-E) formation. The well is producing at a 2” inch choke size and production has stabilized to a daily average rate of 410 bopd.

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Al-Jahraa SE-1X production

05 - September - 2016

Kuwait Energy Commences Production from Al-Jahraa SE-1X Well in Egypt

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Kuwait Energy signs Export Oil Sales Agreement for Block 9

10 - April - 2016

The Export Oil Sales Agreement, signed between a consortium led by Kuwait Energy plc and the State Oil Marketing Company (SOMO) – the Iraqi national company responsible for marketing Iraq’s oil – puts in place the mechanism by which Kuwait Energy will be paid for services in Block 9, Iraq.

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Kuwait Energy plc announces the commencement of oil production from Faihaa-1 well in Block 9, Iraq

18 - October - 2015

Block 9: Commencement of production

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Kuwait Energy announces EGPC its new partner in Block 9, Iraq

02 - October - 2015

Kuwait Energy announces EGPC its new partner in Block 9, Iraq

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