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December 1, 2021

Abu Qir Development Lease Conventional Gas Field, Egypt

By Carmen

Abu Qir Development Lease is a producing conventional gas field located in shallow water in Egypt and is operated by Abuqir Petroleum. The field is located in block Abu Qir Development Lease, with water depth of 116 feet.

Two expansion projects are associated with the Abu Qir Development Lease conventional gas field, namely Abu Qir Development and North Idku Development Lease. The expansion projects are currently in the feasibility and construction stage, targeting start-up during 2022.

Field participation details

The field is owned by Energean.


Production from Abu Qir Development Lease

The Abu Qir Development Lease conventional gas field recovered 95.12% of its total recoverable reserves, with peak production in 2017. The peak production was approximately 5.01 thousand bpd of crude oil and condensate, 252 Mmcfd of natural gas and 1.69 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2027. The field currently accounts for approximately 2% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 23.9 Mmboe, comprised of 4.29 Mmbbl of crude oil & condensate, 105.89 bcf of natural gas reserves and 1.96 Mmbbl of natural gas liquid reserves. Abu Qir Development Lease conventional gas field reserves accounts 0.01% of total remaining reserves of producing conventional gas fields globally.


Contractors involved in the Abu Qir Development Lease conventional gas field

The key contractors involved in the Abu Qir Development Lease project as follows.

Main EPC: TechnipFMC

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Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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