Moving into Development and Production in the Kurdistan region of Iraq 2
BOARD AND SENIOR MANAGEMENT TEAM 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…
KEY MESSAGES 1 2 A world class Significant discovery exploration upside 5 3 4 Defined path to Continuous growth development and and value creation production
Capturing huge potential March 2013 Ber Bahr Sheikh Adi Akri-Bijeel Shaikan GKP Block Complete Prospect GKP Operated Block Drilling Discovery Planned 20km 6 Block with Discovery Block W.I Diluted W.I Operator Other…
Progress on the ground March 2013 7 Complete Drilling Planned Prospect Discovery 20km
MULTI-BILLION BARREL RESOURCES 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…
A world class discovery with upside Shaikan is a major new discovery Reservoirs are fractured carbonates with crude from 16 to 52 degrees API Oil column of 1,000m proved to date with no OWC seen 5 well appraisal drilling campaign…
Shaikan Deep Untapped resources Major reservoirs are prognosed beneath the deepest current horizon Deeper resources will be targeted with Shaikan-7 in 2013 The deep Triassic is a commercial reservoir on-trend in Syria Potential…
Shaikan development in sight The road to 40,000 bopd in 2013 Two new production facilities PF-1 PF-2 Shaikan Shaikan Shaikan Shaikan Shaikan Shaikan 1 3 4 2 5 10 UPGRADE Development: NEW Development: Original EWT production…
Pf-1 on the path to completion February 2013 12 Source: GKP
road to 1 million Bopd of exports Shaikan production will increase to 40,000 bopd in 2013 Shaikan Field Development Plan will initially target 100,000 bopd KRG is targeting 1 million bopd of oil exports by 2015 and 2 million…
DEFINED PATH TO grow VALUE 2012 Agreed appraisal of the Shaikan field 2013 was completed Shaikan declared a commercial discovery Approval and implementation of the 2014+ Shaikan Field Development Plan Construction of two new…
Entering a new phase Multi-billion barrel resources discovered in the region Further high-probability exploration prospect inventory Continuous growth and value creation in the region 15 Kurdistan Region of Iraq is a fast…
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