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Kuwait Energy

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uuid000o4zf

Namestring
Kuwait Energy
Legal namestring
Kuwait Energy plc
Websiteurl
kuwaitenergy.co
Company typeenum
Private
Founded yearint
2005
Descriptiontext

Kuwait Energy is an upstream oil and gas company engaged in the exploration, appraisal, development, and production of hydrocarbons, with operations concentrated in the MENA region. The company operates a portfolio of six exploration, development and production blocks: Block 9 and the Siba contract area in Iraq (where Kuwait Energy holds a 60% participating interest in Block 9 and 30% in Siba, operating both), and four blocks in Egypt (Area A, East Ras Qattara, Abu Sennan, and Burg El Arab). Co-venturers and partners include Dragon Oil, Turkish Petroleum Corporation (TPAO), the Egyptian General Petroleum Corporation (EGPC), ENAP Sipetrol, and Missan Oil Company. As of 2022, the company reported 2P reserves of 767.6 mmboe, gross cumulative production of 35.2 mmboe, and gross daily production of 96.5 mboepd.

The business model is B2B commodity production. Kuwait Energy generates revenue by selling crude oil and gas produced from its operated assets to national oil companies, state-owned refineries, and international oil trading houses, with pricing indexed to global commodity benchmarks (Brent crude). Distribution is handled through long-term service agreements and production-sharing contracts with host governments, supplemented by sales to international trading markets. Customer relationships are anchored in host-country partners (e.g., EGPC, Missan Oil Company) rather than diversified downstream buyers, and pricing is fully market-driven with no published tier structure.

Since March 2019, Kuwait Energy has operated as a wholly-owned subsidiary of Hong Kong Stock Exchange-listed United Energy Group Limited (Stock Code: 0467), following its acquisition by Gold Cheers Corporation Limited and subsequent delisting from the Irish Stock Exchange. The company is headquartered in Admiralty, Hong Kong, with technical and operational headquarters in Beijing, and regional or operational offices in Kuwait City, Basra (Iraq), and Cairo (Egypt). Headcount is reported at 501-1,000 employees. Kuwait Energy does not offer a software product or platform; its competitive position rests on concession holdings, operator track record, and access to capital through its listed parent.

Short descriptiontext

Kuwait Energy is an upstream oil and gas company that explores, develops, and produces hydrocarbons in the MENA region. It operates six production blocks across Iraq and Egypt under service agreements with national oil companies, and is a wholly-owned subsidiary of Hong Kong-listed United Energy Group Limited.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersAdmiralty, Hong Kong SAR China
HQ citystring
Admiralty
HQ countrystring
Hong Kong SAR China
HQ regionstring
Asia
Markets served

Serves global market

Offices5 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
oil and gas exploration, hydrocarbon production, upstream oil services, petroleum development, natural gas extraction
NAICS code2 codes
  • Oil and Gas Extraction211
  • Oil and Gas Field Machinery and Equipment Manufacturing333132
SIC code2 codes
  • Crude Petroleum & Natural Gas1311
  • Oil & Gas Field Services, Nec1389
Product category
Upstream Oil and Gas Production
Revenue model1 record
1Oil and Gas Production Sales
TypeOne Time License
Description

Kuwait Energy generates revenue through the exploration, development and production of oil and gas hydrocarbons. The company sells crude oil and gas produced from its operated assets in Iraq and Egypt to national oil companies, refineries, and trading houses. Revenue is derived from production volumes sold at market prices.

kuwaitenergy.co
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Kuwait Energy is an upstream oil and gas company that explores, appraises, develops and produces hydrocarbons across a portfolio of six Exploration, Development & Production blocks in the MENA region, primarily in Iraq (Block 9 and Siba) and Egypt (Area A, East Ras Qattara, Abu Sennan, Burg El Arab). The company operates the majority of its assets under service agreements and production sharing contracts with national oil companies and host governments, selling the resulting crude oil and gas output at global benchmark prices.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Kuwait Energy is an independent upstream oil and gas company engaged in the exploration, appraisal, development, and production of hydrocarbons across the MENA region. The company operates a portfolio of 6 Exploration, Development & Production blocks concentrated in Iraq (Block 9 and Siba) and Egypt (Area A, East Ras Qattara, Abu Sennan, and Burg El Arab). As of 2022, the company reported 767.6 Mmboe in 2P reserves, 35.2 Mmboe gross cumulative production, and 96.5 Mbmboe gross daily production. Kuwait Energy functions as a subsidiary of United Energy Group Limited (UEG), a Hong Kong-listed E&P company, following its acquisition completed in March 2019. The company does not offer a software product or platform — it is an upstream oil and gas operator focused on hydrocarbon extraction rather than technology products or services.

Product and service2 records
1Block 9 (Iraq) - Faihaa Field Production Operations
CategoryUpstream oil production (Iraq)
Description

Exploration, development and production of crude oil at the Faihaa field within Iraq's Block 9, operated by Kuwait Energy with a 60% participating interest alongside partners Dragon Oil Holdings and Egyptian General Petroleum Corporation. Crude oil is sold under service agreements to Iraqi national oil entities and international buyers.

2Siba Gas Contract Area (Iraq)
Scale indicator10 records

Each record includes

Type, Value, Description, Source

Partnership5 partners
1Dragon Oil Holdings Limited
Strategic tierMajorTypeStrategic or Co-development Partner
Description

Dragon Oil Holdings Limited is a partner in Block 9, Basra with Kuwait Energy holding 60% participating interest and operating the block.

2Turkish Petroleum Corporation (TPAO)
Strategic tierMajorTypeStrategic or Co-development Partner
Description

TPAO is a partner in the Siba contract area in Iraq, alongside Kuwait Energy (30% interest) as operator.

3Egyptian General Petroleum Corporation (EGPC)
Strategic tierMajorTypeStrategic or Co-development Partner
Description

EGPC is a partner in both Block 9 and Siba fields in Iraq, and holds interests in multiple Egyptian blocks including Area A and East Ras Qattara.

4ENAP Sipetrol
Strategic tierMinorTypeStrategic or Co-development Partner
Description

ENAP Sipetrol is the operator and partner in East Ras Qattara block in Egypt, with Kuwait Energy holding 49.5% revenue interest.

5Missan Oil Company
Strategic tierMinorTypeStrategic or Co-development Partner
Description

Missan Oil Company is a partner in the Siba contract area in Iraq under the Gas Development and Production Service Contract.

kuwaitenergy.co
Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Market position
Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries2 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Kuwait Energy

Upstream Oil and Gas Productionkuwaitenergy.co

Kuwait Energy is an upstream oil and gas company that explores, develops, and produces hydrocarbons in the MENA region. It operates six production blocks across Iraq and Egypt under service agreements with national oil companies, and is a wholly-owned subsidiary of Hong Kong-listed United Energy Group Limited.

What Kuwait Energy does

Kuwait Energy is an upstream oil and gas company engaged in the exploration, appraisal, development, and production of hydrocarbons, with operations concentrated in the MENA region. The company operates a portfolio of six exploration, development and production blocks: Block 9 and the Siba contract area in Iraq (where Kuwait Energy holds a 60% participating interest in Block 9 and 30% in Siba, operating both), and four blocks in Egypt (Area A, East Ras Qattara, Abu Sennan, and Burg El Arab). Co-venturers and partners include Dragon Oil, Turkish Petroleum Corporation (TPAO), the Egyptian General Petroleum Corporation (EGPC), ENAP Sipetrol, and Missan Oil Company. As of 2022, the company reported 2P reserves of 767.6 mmboe, gross cumulative production of 35.2 mmboe, and gross daily production of 96.5 mboepd.

The business model is B2B commodity production. Kuwait Energy generates revenue by selling crude oil and gas produced from its operated assets to national oil companies, state-owned refineries, and international oil trading houses, with pricing indexed to global commodity benchmarks (Brent crude). Distribution is handled through long-term service agreements and production-sharing contracts with host governments, supplemented by sales to international trading markets. Customer relationships are anchored in host-country partners (e.g., EGPC, Missan Oil Company) rather than diversified downstream buyers, and pricing is fully market-driven with no published tier structure.

Since March 2019, Kuwait Energy has operated as a wholly-owned subsidiary of Hong Kong Stock Exchange-listed United Energy Group Limited (Stock Code: 0467), following its acquisition by Gold Cheers Corporation Limited and subsequent delisting from the Irish Stock Exchange. The company is headquartered in Admiralty, Hong Kong, with technical and operational headquarters in Beijing, and regional or operational offices in Kuwait City, Basra (Iraq), and Cairo (Egypt). Headcount is reported at 501-1,000 employees. Kuwait Energy does not offer a software product or platform; its competitive position rests on concession holdings, operator track record, and access to capital through its listed parent.

Kuwait Energy firmographics

Firmographics
Name
Kuwait Energy
Legal name
Kuwait Energy plc
Website
https://kuwaitenergy.co
Company type
Private
Founded year
2005
Operating status
Operating
Headcount range
501–1,000 employees
Short description
Kuwait Energy is an upstream oil and gas company that explores, develops, and produces hydrocarbons in the MENA region. It operates six production blocks across Iraq and Egypt under service agreements with national oil companies, and is a wholly-owned subsidiary of Hong Kong-listed United Energy Group Limited.
Ownership category
akta.pro rank

Where Kuwait Energy is headquartered

Location

Headquarters

HQ city
Admiralty
HQ country
Hong Kong SAR China
HQ region
Asia

Offices5 records

Markets served

Kuwait Energy business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D

Revenue model

  1. Oil and Gas Production Sales: Kuwait Energy generates revenue through the exploration, development and production of oil and gas hydrocarbons. The company sells crude oil and gas produced from its operated assets in Iraq and Egypt to national oil companies, refineries, and trading houses. Revenue is derived from production volumes sold at market prices.

Distribution channels2 records

Marketing channels3 records

Kuwait Energy product offering

Product offering

Core offering

Kuwait Energy is an upstream oil and gas company that explores, appraises, develops and produces hydrocarbons across a portfolio of six Exploration, Development & Production blocks in the MENA region, primarily in Iraq (Block 9 and Siba) and Egypt (Area A, East Ras Qattara, Abu Sennan, Burg El Arab). The company operates the majority of its assets under service agreements and production sharing contracts with national oil companies and host governments, selling the resulting crude oil and gas output at global benchmark prices.

Product overview

Kuwait Energy is an independent upstream oil and gas company engaged in the exploration, appraisal, development, and production of hydrocarbons across the MENA region. The company operates a portfolio of 6 Exploration, Development & Production blocks concentrated in Iraq (Block 9 and Siba) and Egypt (Area A, East Ras Qattara, Abu Sennan, and Burg El Arab). As of 2022, the company reported 767.6 Mmboe in 2P reserves, 35.2 Mmboe gross cumulative production, and 96.5 Mbmboe gross daily production. Kuwait Energy functions as a subsidiary of United Energy Group Limited (UEG), a Hong Kong-listed E&P company, following its acquisition completed in March 2019. The company does not offer a software product or platform — it is an upstream oil and gas operator focused on hydrocarbon extraction rather than technology products or services.

Differentiator

Problem solved

Functional benefit

Products and services

  • Block 9 (Iraq) - Faihaa Field Production Operations Exploration, development and production of crude oil at the Faihaa field within Iraq's Block 9, operated by Kuwait Energy with a 60% participating interest alongside partners Dragon Oil Holdings and Egyptian General Petroleum Corporation. Crude oil is sold under service agreements to Iraqi national oil entities and international buyers.
  • Siba Gas Contract Area (Iraq)

Companies that use Kuwait Energy

Customer profile

Segments1 record

Ideal customer profiles2 records

Kuwait Energy technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Kuwait Energy partnerships and signals

Strategic signal

Partnerships

Five partnerships are on record, tiered major and minor.

  • Dragon Oil Holdings LimitedmajorStrategic or Co-development PartnerDragon Oil Holdings Limited is a partner in Block 9, Basra with Kuwait Energy holding 60% participating interest and operating the block.
  • Turkish Petroleum Corporation (TPAO)majorStrategic or Co-development PartnerTPAO is a partner in the Siba contract area in Iraq, alongside Kuwait Energy (30% interest) as operator.
  • Egyptian General Petroleum Corporation (EGPC)majorStrategic or Co-development PartnerEGPC is a partner in both Block 9 and Siba fields in Iraq, and holds interests in multiple Egyptian blocks including Area A and East Ras Qattara.
  • ENAP SipetrolminorStrategic or Co-development PartnerENAP Sipetrol is the operator and partner in East Ras Qattara block in Egypt, with Kuwait Energy holding 49.5% revenue interest.
  • Missan Oil CompanyminorStrategic or Co-development PartnerMissan Oil Company is a partner in the Siba contract area in Iraq under the Gas Development and Production Service Contract.

Scale indicators10 records

Recent moves6 records

Expansion highlights4 records

Kuwait Energy competitors and assessment

Company assessment

Market position

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Kuwait Energy social profiles

Digital presence

Kuwait Energy financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Kuwait Energy leadership team

Management profile

Number of profiles

Profiles1 record

Kuwait Energy subsidiaries and ownership

Company hierarchy

Subsidiaries2 records

Kuwait Energy funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Kuwait Energy M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kuwait Energy

What does Kuwait Energy do?

Kuwait Energy is an upstream oil and gas company that explores, appraises, develops and produces hydrocarbons across a portfolio of six Exploration, Development & Production blocks in the MENA region, primarily in Iraq (Block 9 and Siba) and Egypt (Area A, East Ras Qattara, Abu Sennan, Burg El Arab). The company operates the majority of its assets under service agreements and production sharing contracts with national oil companies and host governments, selling the resulting crude oil and gas output at global benchmark prices.

Is Kuwait Energy a public or private company?

Kuwait Energy is a private company. It is classified as corporate owned and is currently operating.

When was Kuwait Energy founded?

Kuwait Energy was founded in 2005. It employs 501 to 1,000 people.

Where is Kuwait Energy based?

Kuwait Energy is headquartered in Admiralty, Hong Kong SAR China, in the Asia region.

How does Kuwait Energy make money?

One revenue line is on record: oil and Gas Production Sales.

Does Kuwait Energy have an API?

No public API is recorded for Kuwait Energy.

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