Investor Presentaiton
OFFSHORE NORTH SINAI CONCESSION (ONS)
Concession Terms
Overview of Concession and CAPEX Plan
Denies-1
Tao Field
Development
NOSPCO
NOREN SAN PETROLEUM COMPANY
شركة شمال سيناء للبترول.
TAO
■ Offshore, located 63 Km North East of Port Said.
■ Operated through NOSPCO JV after take over from Perenco mid 2014. 30 year concession started in 1998, ending
at 2028 (Currently working for 10 years extension)
■ Two Development Leases awarded in 1992: Tao & Kamose over a total area of 303 km². Shallow water: WD 30-
90m
■ After EGPC & EGAS approvals, secured the approval of Counsel of State, Cabinet & Parliament to amend price of
natural gas. Amended Concession Agreement signed on July 2018 at new adjustable gas price with a floor of US$
5.18/MMBTU @ Brent 40 US$ /bbl and a cap of US$ 5.88/MMBTU @ Brent 100 US$/bbl. The new gas price
retroactively starting January 1st 2017 on all new gas.
■ In January 2023, succeeded in expanding the concession area to by 140 km² from km² to 440 km².
CAPEX Plan Phase 3
SETI PLIO
Temsah
Karous
Wakal
Dafool
Port Found
RESTRICTED
AREA
2001 في الفيكي
22 pipeline
EL F1
Payro
Processing Centre
G
Y
P
◉
KAMOSE
ADU Rora-1
1
mnt.
Kilometres
During 2021, ONS completed drilling three wells (Phase 3a) being NW1/KSW1/KSW3 with a total investment cost
of US$ 70 mln during broken down as follows:
764000
768000
772000
776000 780000
784000
788000
792000
796000
800000
804000
TAO Flow line.
22" 65 KM
110.2 BCF
US$ 29 mln for drilling three wells
US$ 41 mln to fund the following:
■ 3 Platforms
■ 20 km pipelines material
■3 PLTFS Installation and pipeline laying
Topside Facilities
■ The first well KNW1 was put on production in Jan-2022 with initial rate of 10 MMSCFD while the remaining two
wells was put on production by May 2022 with initial rate for both 15 MMSCFD.
■ Phase-3A target is to maintain the production plateau at +/- 50 MMSCFD
■During 2023 and up to Q1 2024, EKH plans to mobilize US$ 70 mln in capex for Phase-3B which consist of drilling
two wells (ATON1 + KSE2) in the new extension area through two WH platform and connect to existing facility by
21 km flowline.
EKH
Egypt Kuwait Holding
Egypt Kuwait Holding | Investor Presentation
0 1 2 3 4km
KSE-1, 10.5
BCF
764000
768000
772000
776000
784000
788000
792000
796000
800000
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