Kuwait Foreign Petroleum Exploration Company K.S.C

1. Kuwait Foreign Petroleum Exploration Company K.S.C الشركة الكويتية للاستكشافات البترولية الخارجية ش.م.ك A Subsidiary of Kuwait Petroleum Corporation إحدى شركات مؤسسة البترول الكويتية • 20th World Petroleum Congress • Kuwait Ministerial Sessions • KUFPEC Long-Term Strategy and Projects • 6th December 2011 • KUFPEC Deputy Chairman and Deputy Managing Director (Operations East) • Mr. Ali D. Al-Shammari December 2011

2. Kuwait Petroleum Corporation – KPCA fully integrated operation from well-head to petrol pump KPC’s activities are carried out by 10 subsidiaries with distinct mandates. KUFPEC is the International Upstream subsidiary of KPC Domestic International • Kuwait Oil Company • Domestic upstream Upstream • Kuwait Foreign Petroleum Exploration Co. (KUFPEC) • International upstream • Kuwait Gulf Oil Company • Focus on the Divided zone, offshore area between Kuwait and Saudi Arabia • Oil Development Company • Award and manage the OSC (Operational Service Contracts) with the IOCs, specifically for the Northern Kuwait fields • Oil Sector Services Company • Construction and security services for KPC and its subsidiaries Midstream/services • Kuwait Oil Tanker Company • One of the largest fleets for marine transportation fuel in the Arab world • Kuwait National Petroleum Company • Domestic downstream Downstream • Kuwait Petroleum International Ltd • International downstream • Refining and marketing in 7 European countries • Aviation fuel sales network in Asia • In Sweden it is the largest petrol station operator (28% market share) • Kuwait Aviation Fuelling Company • Aviation fuel facilities servicing over 1,500 aircraft per month with a 30 million litre storage capacity • Petrochemical Industries Company • Fertilizers and petrochemicals

3. KUFPEC Overview • KUFPEC: Kuwait Foreign Petroleum Exploration Company, a wholly owned subsidiary of KPC • 30 Years of expertise in E&P activities (Established in 1981) • An international company engaged in exploration, development & production of crude oil and natural gas out side Kuwait • Participates in joint ventures with similar companies in E&P of Oil and Gas both as an operator and partner • 2010 Net profit : 143 MMUS$ • 2010 revenue exceeded 1000 MMUS$ KUFPEC

4. KUFPEC Assets Portfolio Indonesia UK – North Sea China Tunisia Mauritania Philippines Vietnam Malaysia Australia Pakistan Egypt Congo Sudan Yemen Total Projects: 50 Projects in 14 Countries Project Type: 22 Production \ 5 Development \ 23 Exploration

5. KUFPEC Area Offices Five Regional Offices Egypt: Cairo Tunisia: Tunis Pakistan: Islamabad Indonesia: Jakarta Australia: Perth

6. 2030 KUFPEC’s Strategy Direction • Preference for investments which facilitate technology and capability transfer between domestic and international upstream businesses • Achieve and maintain optimal ratio of oil & gas in international upstream portfolio • Become operator of international upstream assets

7. KUFPEC Production (kboe/d)

8. Strategic Opportunity Choices

9. Opportunity workflow Model

10. Business Development Challenges

11. Current & Potential BD “K” Corporation Think K – Grow K