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

Kuwait Energy plc 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.

Sara Akbar, CEO of Kuwait Energy, said:

“I am delighted to announce we have begun production from the Al-Jahraa SE-1X well after making the discovery earlier this year. This is another milestone highlighting Kuwait Energy’s exploration, development and execution capabilities adding value to the asset. We could not have achieved this without the unparalleled support of the EGPC and our partners.”

Kuwait Energy holds a 50% revenue interest and is the operator of the Abu Sennan concession development lease, while Dover Investments Ltd holds 28% and Rockhopper Exploration plc holds 22%.

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