Asset Report
South Howarime (Block 43)
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The South Howarime contract area is situated in the Say'un Al Masila Basin, east of the prolific Masila fields. The Nabrajah field was discovered in 2004 and brought onstream in July 2005. Despite potential particularly from the fractured basement, appraisal drilling has been disappointing and reserves have been downgraded. Production has continued to decline, despite infill drilling. Operations were suspended in March 2015, due to the escalation of hostilities in Yemen.
Table of contents
- Summary
-
Key Issues
- Issues common to the Masila Fields, Central Yemen
- Issues specific to South Howarime (Block 43)
- DNO
- Kuwait Energy Company (KEC)
- State-carried interest
- Paying interest participation
- Relinquishment
- Regional Tectonic Setting
- 10 more item(s)...
- Exploration Costs
- Capital Costs
-
Operating Costs
- Tariffs
- Royalty
- Cost Oil
- Profit Oil
- State-carried interest
- Income Tax
- Fixed Tax
-
Bonuses
- Signature Bonus
- Other Bonuses
- Production Bonuses
- 4 more item(s)...
Tables and charts
This report includes the following images and tables:
- Exploration Costs 2007 to 2015 (US$ million)
- Capital Costs Pre-2007 to 2015 (US$ million)
- Cash Flow (US$)
- PV Table (US$)
- Summary Table (US$)
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Cumulative Net Cash Flow - Discounted at 10% from 01/01/2026
- Index Map
- South Howarime (Block 43) Map
- 5 more item(s)...
What's included
This report contains:
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