Kuwait Energy Egypt Information

Established in 2006, Kuwait Energy Egypt has over of 15 years in the onshore upstream oil and gas sector focusing on the investment and operation of oil and natural gas and built a high quality and diversified portfolio consisting of four producing assets with exploration prospects, three of which are operated by Kuwait Energy Egypt with remarkable track record to turnaround previously under-performing assets to high producers and cash generators contributing significantly in the total level of the oil production of the country. With the four producing assets, Kuwait Energy Egypt has rapidly grown its production and reserve base since inception with strategic outlook to contribute with 10% of total Egypt production within five years and drilled 150 wells with best in class drilling performance, including 61 exploration wells with 56% exploration success rate and non-productive time less than 2% and 88 development wells. Since Inception, Kuwait Energy Egypt has invested approximately of $1.14 billion in the country to date and will continually working and investing to add production from existing and future discoveries. United Energy Egypt, sister company, has been awarded Block-11 in the recent Egyptian digital bid round to add more exploration upside potential to Egypt portfolio. Kuwait Energy Egypt is one of the lowest cost operators in Egypt with cost saving driven operations to survive with fields depletions, complicated operations and production challenges with highest market technologies in cost effective manner. Kuwait Energy Egypt strives to maintain a strong, focused safety culture assuring the health and safety of employees, contractors, public safety and visitors by delivering safe, reliable, efficient and compliant operations as well as workplace free of hazards. Creating a safety culture that targets zero harm, it recognizes those who contribute to improve HSSE performance, holds ongoing trainings for new and existing teammates and controls emission