Todd Kozel John Gerstenlauer Ewen Ainsworth Ali Al-Qabandi Tony Peart Executive Chairman & Chief Operating Officer Finance Director Business Development Legal & Commercial Chief Executive Officer Director Director Co-founder Appointed…
1 2 Conducting 2012 - a year of operations significant growth responsibly 4 3 4 Latest additions to Defined path to multi-billion barrel development and resources production
December 2012 Ber Bahr Sheikh Adi Akri-Bijeel Shaikan GKP Block Complete Prospect GKP Operated Block Drilling Discovery Planned 20km 5 Block with Discovery Block W.I Diluted W.I Operator Other Partner Shaikan declared…
December 2012 6 Complete Drilling Planned Prospect Discovery 20km
November 2011 July 2012 July 2012 August 2012 October 2012 October 2012 December 2012 Major upgrade of the Major upgrade of the Completion of the Submission Issue of USD 275 Sheikh Adi-2 Work on the Shaikan Shaikan gross oil-in-…
Shaikan: Big fields get bigger A key position in the Kurdistan Region of Iraq Billion barrels 2500 Million barrels (estimated recoverable resources) (gross oil-in-place) 16 P90 15.0 PMean 14 P10 13.4 13.7 2000 12.4 12 10.8 10.6 10…
The road to 40,000 bopd in 2013 Early production facilities PF-1 PF-2 Shaikan Shaikan Shaikan Shaikan Shaikan Shaikan 1 3 4 2 5 6 UPGRADE Development: NEW Development: Current EWT capacity of 10,000 PF-2 will have capacity of…
2012 Agreed appraisal of the Shaikan field 2013 is complete Shaikan declared a commercial discovery Complete and submit the Shaikan 2014+ Field Development Plan for Construction of two new early approval production units for…
70% of our employees in Kurdistan are national staff We train our national staff on a regular basis in country and abroad We work with over 50 local providers of goods and services 11 30% of our expenditure in country represents…
Multi-billion barrel resources discovered in the region Further high-probability exploration prospect inventory Continuous growth and value creation in the region 12 Kurdistan Region of Iraq is a fast developing international…