Kurdistan Oil & Gas

Activity

March 2010

Reference Number: WF10731 03.10Rev: 02 (18.03.10)

WGS84 / UTM 38N

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12.5

KM

0 Miles

100

50

Scale

Legend

Awards announced byKurdistan Regional Government (KRG)

Blocks o�ered byKurdistan Regional Government (KRG)

BLOCKS (indicative)

Oil �eld

Gas �eld

Condensate �eld

Oil Discovery

Oil pipeline

Gas pipeline

Leads / Prospects

Cities

Well recently drilledor currently drilling

Airports with europeandirect �ights

FIELDS & PIPELINES OTHERS

Addax (Sinopec)Aspect Energy (Aspect) / General Exploration PartnersDNOCrescent Petroleum (Crescent)Dana Gas (Dana) Gas Plus Khalakan (New African Global Energy 80% & KRG 20%)Genel Energi (Genel)Gulf Keystone Petroleum (GKL)Prime Natural Resources JV “Hawler Energy” & “Shakal Production” Heritage Oil (Heritage)Hillwood International Energy (Hillwood)Hunt Oil Company (Hunt)Kurdistan Exploration and Production Company (KEPCO)Korean National Oil Company (KNOC)Komet Group SA (Komet)Longford Energy Inc. (Longford) / Forbes & ManhattanMOL Hungarian Oil and Gas PLC (MOL) “Kalegran Limited”Niko Resources (Niko)Norbest Limited (Norbest)North Oil Company (North Oil Co)Oil Search (OSH)OMV Petroleum Exploration GMBH (OMV)PerencoPetoil “A&T Petroleum”Petoil & Prime Natural Resources JV (PetPrime)Reliance Industries Limited (Reliance)Shamaran Petroleum (ShaMaran)Sterling Energy (Sterling)Talisman Energy (Talisman)TTOPCO (JV between Addax (Sinopec) and Genel)Vast Exploration (Vast)Western Zagros Resources (Western)

LISTED OPERATORS / PARTNERS

Location Map

0 KM

0 Miles

1,000

500

EGYPTLIBYA

SUDAN

ETHIOPIA

SAUDI ARABIA

Red Sea

Indian Ocean

The Gulf

YEMEN

OMAN

UAE

IRAN

TURKMENISTAN

KAZAKHSTAN

RUSSIA FEDERATION

UKRAINE

ROMANIA

BULGARIA

IRAQ

TURKEY

SYRIA

CaspianSea

Black Sea

Mediterranean Sea

ShaMaran Non-operated(20% WI)

ShaMaran Operated(60% WI)

Jaria PikaNaft Khanem

Khashim

Injana

Gilabat

Ajeel

Kirkuk

Hamrin

Jambur

Khor Mor

Taq TaqJawan

Bai Hassan

Pulkhana

Chemchemal

Qasab

Makhul

Qaiyarah

Demir Dagh

Ismail

Alan

Tikrit

Najmah

Khabbaz

Sufaya

Ibrahim

Adaiyah

Atshan

Qalian

Khanuqah

Chia Surkh

Qara Chauq

Ain Zalah

Tawke

Judaida

Butmah

Rafan JabalKand

Gusair

Sarjoon

Qamar

East Baghdad

Balad

Nahrawan

Fallujah

Tel Gharaj

Naft Shamr

Badrah

Mansuriyah

IRAN

IRAQ

TURKEY

HIT

ILAM

ERUH

BANEH

URMIA

IRBIL

SIIRT

BUKAN

DAHUK

BONAB

PAVEH

ZAKHU

KIFRI

BALAD

GAVGAN

KIRKUK

TIKRIT

KEREND

SIRNAK

SILOPI

MAHABAD

SLEMANI

BAGHDAD

NUDSHEH

HAKKARI

PANJWIN

MANDALI

SAMARRA

NAQADEH

KHURMAL

MARAGHEN

MIANDOAB

BA'QUBAH

HALABJAH

HADITHAH

SHAHRABAN

AR RAMADI

AL MAWSIL

TALL'AFAR

YUKSEKOVA

AL KHALIS

OSHNOVIYEH

TOLAFARUSH

AZAR SHAHR

AL JADIDAH

AL FALLUJAH

MALEK KANDI

SAL MAN PAK

AL'AMADIYAH

POL-E ZOHAB

AL AZIZIYAH

AL MUSAYYIB

TUZ KHURMATU

KHOSROWSHAHR

QARAH TAPPAH

AZ ZUBAYDIYAH

GILAN-E GHARB

AL MAHMUDIYAH

AL HABBANIYAH

HARIR

TAWUQ

BEKHMA

TABRIZ

DAYRIK

BASKALE

SHAQLAWA

AL QUWAYR

SALAHADDIN

CHAMCHAMAL

AS SA DIYAH

NAFT-E SHAH

BABA GURGUR

AL LATIFIYAH

QASR-E SHIRIN

AL ISKANDARIYAH

PULKHANAShaMaran 60%

Petoil 20%

K44KALAR-BAWANOOR

Western 40%Talisman 40%

K38SANGAW NORTH

Sterling 53.33%Addax (Sinopec) 26.66%

KNOC 20%

Talisman 60%

BARANAN(Block 9)

MIRANHeritage 75%

Genel 25%

BAZIANKNOC

K32KEPCO

KHALAKANGas Plus 50%

KEWA CHIRMILA

TTOPCO

K39Talisman 60%KHOR MOR

Dana GasCrescent

QARA DAGHNiko 37%Vast 27%

Groundstar 6%

CHIA SURKHLongford 40%

Genel 20%Petoil 20%

SHAKALPet Prime 36%

OSH 15%Petoil 9%

K42OSH 60%

ShaMaran 20%

SANGAW SOUTHKNOC 60%

CHEMCHEMALDana

Crescent

HAWLERNorbest 65%

KNOC 15%

K18KEPCO

TAQ TAQTTOPCO

K26QUSH TAPPA

KNOC 80%

MALA OMAROMV 100%

BINA BAWIA&T 26%

Hawler 18%

SHORISHOMV 100%

ERBILDNO 40%

GasPlus 40%

SARTAReliance 60%

OMV 20%

ROVIReliance 60%

OMV 20%

AIN SIFNIHunt Oil 75%

SHAIKANGulf Keystone 75%MOL 20%, TK 5%

ATRUSHAspect-Energy 100%

SARSANGHillwood (HKN) 100%

DUHOKGenel 40%, DNO 40%

AL QUSHKomet 80%

BARDARASHKomet 80%

BER BAHRGenel 40%GKL 40%

SHEIKHADIGKL 80%

TAWKEDNO 55%, Genel 25%

SINDI-AMEDIPerenco 75%

SHAKROKSAFEN

AKRI-BIJEEL GKL 20%

Kalegran (MOL) 80%

ARBATShaMaran 60%

--

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230 MMboe40,000 bopd via pipelineDiscovered 2006

TAWKE FIELD

PERENCO- Preparing to drill

Yakmalah-1 &Mateen-1

-

-

Spudded 11 Dec 09Bijeel-1 / Heavy oilDrilling below 3,650 m

KALEGRAN (MOL)

- 2 Wells in 2010spudding April

RELIANCE

--

Spudding late May3 wells planned

SWARA TIKA-1

--

3,800 mSep/Oct spud

TOPKHANA-1

SHAIKAN-1

--

-

--

Discovered Aug 09170 m oil column in Sargelu, Alan, Mus & Butmah Fm’sSargelu �owed 5,000 to 8,000 bbl/dButmah �owed 2,000 bbl/dEst. STOIIP 1.5 to 7 Bbo3D Seismic + appraisaldrilling in 2010

HAWLER-1(Erbil)

---

----

Benenan FieldDiscovered Jan 08Lower JurassicAlan FM9,000 bopd34° API2,000 scf/d40 MMboe

HAWLER-2

- Tested up300 bopd16° API oil

---

- 3 wells plannedZabDemir DagKhabat

HAWLER

KHURMALADOME

SHAKAL-1

-

--

Spud Oct 08, TD 3,037 m Sept 09Discovery Jaddala Fm3 test aggregate: 75 minterval, 2,450 bopd ,35° API

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1.5 Bbo100,000 bopd (?)North Oil Co

HAMRIN FIELD

----

445 MMbo25,000 bopd45 Mcfg/dNorth Oil Co

KHABBAZ FIELD

---

1.1 Bbo75,000 bopdNorthOil Co

JAMBUR FIELD

-----

Gas Development1.6 Tcf8.5 MMscf/dCrescent 50%Dana Gas 50%

KHOR MOR FIELD

----

16 Bbo remaining23 Bbo originally400,000 bopdNorth Oil Co& KEPCO

KIRKUK FIELD

---

2.2 Bbo100,000 bopdNorth Oil Co

BAI HASSAN FIELD

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-

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Drilled 8 appraisal/prod.wells (Cretaceous)350 MMbblsProduction capacity 60,000 bopdIndividual zone �owrates up to 20,000 bopdMinor Eocene oil accumulation (23°API)Gas in Jurassic/Triassic

TAQ TAQ FIELD

----

TD 3,800 mAbandonedOil 35° APIOverpressure problems

SARQALA-1

---

280 MMboeNot producingNorth Oil Co

QAMAR FIELD

--

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-

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Discovered May 09Flow test 3,640 bopd from single reservoir intervalTest was restricted by surface equipmentEstimates well should produce 8,000 to 10,000 bopdSuspended as a future producer

MIRAN WEST-1

---

Appraisal wellSpud 26 November 09STOIIP 2.3 to 4.2 Bbo

MIRAN WEST-2

--

132 MMbo prospective res.Not producing / Discovered 1902

CHIA SURKH DISCOVERY

---

Gas Development7 to 10 TcfCrescent Petroleum/Dana Gas

CHEMCHEMAL FIELD

BAZIAN- Bazian-1 drilling

- PlannedMIRAN EAST-1

KURDAMIR-1

-

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Gas/Condensatetested from KirkukgroupAt 4,077 mOil & Gas shows in CretaceousPossible �ank well to follow due to overpressure

SANGAW SOUTH--

KNOCPlanned in 2010

KHALAKAN- Seismic planned in

March/April 2010

SANGAW NORTH- SWN-1 spudded

February 2010

QARA DAGH- QD-1 Q2 2010

BARANAN- 2D seismic

starting Apr 2010

OUDEH & TISHRENE FIELDSpurchased by Sinopec December 2008 for $2.1 B

HUNTSpuddedSimrit-1 Oct 09Drilling

-

Bardarash-1Tested oil from mus.Prep. to drill #2

-

KOMET

RESERVOIR WITH HYDROCARBONS(PRODUCTION & DISCOVERY)

TERTIARY

TRIASSIC

CRETACEOUS JURASSIC1

2

12

46°0'0"E

46°0'0"E

45°0'0"E

45°0'0"E

44°0'0"E

44°0'0"E

43°0'0"E

43°0'0"E42°0'0"E38

°0'0

"N

38°0'0"N

37°0

'0"N 37°0'0"N

36°0

'0"N 36°0'0"N

35°0

'0"N 35°0'0"N

34°0

'0"N 34°0'0"N

33°0

'0"N 33°0'0"N

- BB-3 & BB-4 June 2010

BINA BAWI

- Shorish-12,722 mTesting

OMV