Energy House

Kuwait Energy Company

Kuwait Energy Company
Establishment: August 2005

Energy House shareholding: 14.5%
KEC has the advantage of a management team that has vast experience in exploration and production operations as well as the diversity of its investments and participation shares which provides a balance in terms of risk diversification and can leverage this experience to enhance their success rate.

Competitive Advantage
KEC has the advantage of a management team that has vast experience in exploration and production operations in developing countries and can leverage this experience to enhance their success rate.

Future Prospect

KEC is targeting to grow their current production to 75,000 barrels. Kuwait Energy's proven and probable reserves at year end 2010 were 48.8 million barrels of oil equivalent. It is worth mentioning that Kuwait Energy Company is taking necessary actions for listing its shares on London stock market.

www.kuwaitenergy.com.kw

SynFuels International

SynFuels International
Establishment: 1998

Energy House Shareholding: 25% + Exclusive marketing rights for the Arabian Gulf, MENA, FSU and Indian Sub-continent regions
US based SynFuels is the developer of a revolutionary patented Gas-To-Liquid (GTL) technology, based on the ECLAIRS process. The ECLAIRS process has significant advantages over the Fischer-Tropsch process and conventional technology in terms of capital and process costs, product throughput and quality.

Competitive Advantage
The economic benefits of this technology combined with ease of implementation makes it the perfect choice for oil and gas producers with stranded gas flaring to capture lost revenue while reducing carbon emissions.

Future Prospect SynFuels has made significant progress with the production of 95 octane fuel from natural gas. Accordingly, the first fully operational demonstration plant has been commissioned and the technology has now matured enough to construct a commercial GTL plant. Efforts are underway to close the deal for the first commercial plant soon.

www.synfuels.com

Saudi Makamin Company Oil & Gas Services

Company was established in May 2008, whereby Energy House shareholding is 10%.

Saudi Makamin provides diverse services to the oil and gas sector in the Kingdom of Saudi Arabia and abroad including work-over and deep water drilling, non-destructive testing services, fabrication of pipelines, site preparation, geophysical and geological studies. In addition to that, company offers other services involving advanced-technologies throughout its investments and alliances with international partners including i-fields and SCADA services, manufacturing and supply of wireline tools (PNLs) and passive seismic.

Over the past few years, the company demonstrated great ability to undertake operational contracts with a high success rate in its bidding activities with major oil and gas companies in the region, including Saudi Aramco. Makamin also took great steps in creating successful international alliances.

Makamin is progressing rapidly to increase its market share in the Kingdom and implement more operational projects in the region through its distinctive marketing team who is closely monitoring the market to capture lucrative business opportunities in order to maintain company growth in its profits and overall financial performance.

www.saudimakamin.com

Higleig Petroleum Services and Investment Company

Higleig Petroleum Services and Investment Company
Establishment: 1997

Energy House shareholding: 64%
HSPIC is active in the civil /infrastructure and the oil & gas industries including contracting activities , oil drilling and oil & gas plant construction . the company also has equity investments in oil & gas licensed blocks in North Africia.

Competitive Advantage
HSPIC has the advantage of large scale operations and asset base combined with long operational experience in North Africia which earned them a leading position as preferred contractor for government projects such projects have the benefits of reduced risk and guaranteed revenue stream .

Future Prospect
The company is planning to undergo a high level restructuring to identify and focus on strategically attractive business activities and potential areas for efficiency enhancement and value addition .

www.higleig.com

Oil Field Instrumentation (India) Limited (OFIL)

Energy House Shareholding
Indirect ownership of 12.75% (36% of the special purpose vehicle "Kitara-OFIL" owning 35.4% of OFIL)

OFIL provides mud logging services to corporate establishments that are engaged in oil well drilling, exploration and development including deep waters and Coal Bed Methane (CBM). The Company manufactures its own Mud Logging Units (MLUs) and also provides rig instrumentation and services for accurate, reliable and globally accessible online real time drilling data using pressure indicators, diaphragms, drillers console, recorder, etc. Company also provides real time gas evaluation systems consisting of FID/TCD Gas Chromatograph (GC) with sensitivity in PPM.

The company has also recently entered into high growth business of Measurement While Drilling and Directional Drilling by acquisition of 41% stake in Black Viper Energy Services Ltd. ("BVES"), a USA based limited partnership engaged in business of Directional Drilling.

Company currently operates in India, Syria, Bangladesh, Kurdistan, Kazakhstan and Oman. Currently, more focus is given to the Middle East region.

Competitive Advantage
OFIL is the market leader in Mud Logging in India with a 45% market share. The company has an installed capacity of 40 MLUs and has monitored more than 2500 wells in offshore and onshore locations. The company has an in-house software development team for development and upgrading of its Mud Logging software. Further, it has a pool of more than 300 well qualified and trained professionals, including Data Engineers, Mud Loggers, Service Engineers, Computer Experts, Software Professionals and engineers.

Khalifa Daij El - Dabbous & Bros.

  • In 1959, Khalifa Duaij Al-Dabbous & Brothers Company (L.L.C.) was established by members of Al-Dabbous family and has been operating as a registered contractor in Kuwait for more than four decades.
  • In 1992, KDDB acquired the assets of M/s Sufran & Partners Contracting Company for their specialization in electrical and instrumentation works.
  • In 2007, KDDB acquired Biogénie agency – an environmental company specializing in site assessment and the remediation of contaminated soil and ground water.
  • Over past decades, KDDB offered competitive turnkey proposals for all civil, electrical and mechanical works for the oil industry and other sectors in Kuwait.
    • KDDB is a locally registered contractor executing various oil and gas projects for virtually every government body in the oil sector.
    • Beside direct bidding, KDDB assisted as a subcontractor to world renowned companies including Bechtel International Inc., C.F. Braun, Chicago Bridge & Iron Co., JGC Corporation, Mitsui Engineering & Shipbuilding Co. Ltd, Sunkyong Engineering & Construction Co.
  • End of 2007, Energy House Holding acquired 80% stake in KDDB. The paid-up share capital of the Company is KD 1,002,000, with the following ownership structure: Holding was formed in September 2007 as a subsidiary of AREF Investment Group. The Group is a stable, long-term investor and one of the leading investment institutions in the region with a vision to become a conglomerate managing financially integrated holding companies .
www.ekddb.com

Al Meshari Heavy Equipment Trading

Al Meshari Heavy Equipment Trading (MHET) is one of the leading general equipment supplier and rental service provider in U.A.E which provides wide range of high quality branded power generators and other general equipment.

The company provides a broad range of generators powered by Perkins (U.K) and Cummins from 15 to 2000 KVA. MHET serves a broad range of construction and industrial customers including the largest publicly quoted companies in U.A.E as well as small contractors, sub contractors, traders and one man builders.

MHET offers diesel generators rental services with sound proof canopies and automatic timers. The Generator Rental Department has a wide range of high quality and top rated diesel generator sets, supported and maintained by specialized and high skilled engineers with a range of genuine spare parts and accessories.

Company also provides heavy equipments for rental like JCB, Shovel, Excavator, Cranes, Boom Loaders, Bob cat, Fork lift, Trailers, Tippers, Dozers and Water Tankers.

In addition, MHET fabricates sound proof canopies through modern methods of sheet metal fabrication techniques. Canopies are designed and upgraded by sound attenuation specialists for optimal sound level reduction.

The company also manufactures diesel storage tanks on the base of the requirement of clients for selling as well as renting.

The success of Al Meshari Heavy Equipment Trading in the Emirati local market within last four years made the company one of the biggest diesel generators suppliers.

www.mhet.ae

Nordic Energy

Nordic Energy FZC, (Nordic) is a Snubbing & Work-Over, Coiled Tubing and Well Intervention company, formed in 2006 in the United Arab Emirates by a group of industry expects with extensive experience in the techniques of snubbing & work-over, Coiled tubing and well Intervention Services - expertise.

Since its inception, Nordic has strategically grown from a small well service company to a company with a fleet of sophisticated thru-tubing tools, Coiled Tubing units and advanced snubbing & work over units. To better supply the customers with oilfield servicing solutions, the company added specialized fishing tools, thru-tubing cutting systems, and scale removal systems to its portfolio. With its unique expertise, Nordic also provided support to drilling operations by supplying equipment and personnel on many well service operations within the oil and gas industry. This sets Nordic apart from any other company in the Middle East region.

Nordic has grown both in its home market and outside of the Middle East region and leads the way in thru-tubing interventions, coiled tubing services and snubbing & work over innovations.

In a Management Buyout transaction, AREF acquired a stake of 75% share in the company with management retaining 25%. The company is currently active in Turkmenistan, UAE, Oman, Saudi Arabia and Egypt.

Al-Taqa Fund

In October 2012, Energy House Holding K.S.C.C.(Energy House) has invested USD 18.68 million in Al-Taqa Fund L.P. (a Sharia compliant parallel fund) through Energy House International Limited (a 100% subsidiary of Energy House and an exempted company incorporated in the Cayman Islands with limited liability).

Kerogen capital is an independent private equity fund adviser established in 2007. It manages the Kerogen Energy Fund L.P. and Al-Taqa Fund L.P. which specializes in providing growth and development capital to small and medium- size companies in the oil and gas sector.

Kerogen Capital is based in Hong Kong with a presence in London. Kerogen Capital focuses on investments in international emerging basins, particularly those with a nexus to Asian demand and investment flows. It also invests selectively in unconventional oil and gas projects.

The Kerogen team is comprised of oil and gas industry experts with technical, operational and private equity management experiences, in addition to an extensive strategic network. Further information about the Kerogen team and its investments can be found at: www.kerogencap.com