Following the Discoveries Made on Block 9 in Iraq, Kuwait Energy Intends to Fast Track the Faihaa-1 Development

摘要

The hydrocarbon production of Kuwait Energy, which has upstream interests in Egypt, Iraq, Yemen and Oman, averaged 26,781 barrels of oil equivalent per day (boe/d) in the fourth quarter of 2014, which represented an 18.9% increase relative to the corresponding quarter of 2013 (22,519 boe/d) and was 7.5% higher than in the third quarter of 2014 (24,921 boe/d). As a result of the fall in world oil prices, the company’s revenues were 16.5% down at $57.9 million in the last three months of 2014 from $69.23 million in the final quarter of 2013.