4 - Kuwait Oil Company

Appendix II: 72 MonthsProduction Forecast and ShutdownPlanAppendix III: Wells DrillingRequirements and Well InventoryAppendix IV: Workover/Surveillance & RiglessAppendix V: Capital Projects• Recent re-phasing of all WKDcapital projects listed in KOCBudget Book, taking intoconsideration the current statusfor project’s implementation andlink with other activities in thefields.Appendix VI: Facility ProjectTiming• List the key facility projectsand provide the status. Theseprojects are considered keymajor events to deliver the 2030Strategy.• The status is updated by PL(WK)Appendix VII: Detailed EconomicAppraisal• Using PEEP application andlatest KPC guidelines, economicassessment is carried out for theWK Development Plan basedon the different scenarios andin comparison with last yearindicators.Appendix VIII: 2030 PowerStrategy charts for WK Directorate• 2030 Power Strategyrequirements are coordinatedand finalized by PL (WK).Appendix IX: 2030 WKD PowerPlan• An update of electrical powerrequirements for WK facilitiesand wells categorized by WKproduction fields, Export andMarine business.ConclusionThe primary objective of theKOC Action Plan is to help theCompany concentrate its effortson areas that require the mostattention in order to allow fordecisions to be made that willturn particular goals into reality.The Action Plan also seeks toidentify and set a range of KOCobjectives that are achievableand measurable and presentthem in a platform that KOCofficials can easily understand andbenefit from. When Action Planinformation is compiled, it allowsfor the effective prioritizationof tasks while also providingchannels for KOC to identifysteps needed to achieve goals andmeet deadlines. The end result isthat KOC will be better adaptedto anticipate future occurrences.This, in turn, will reduce the totalnumber of mistakes and oversightsthat may occur in day-to-dayoperations. As a result, KOCwill be more competitive in itsfield by remaining able to use itsresources to be more productiveand efficient throughout all areasof operation.October - December 2012 11