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November 26, 2021updated 27 Apr 2022 11:56am

Alam El-Shawish West Development Lease Conventional Oil Field, Egypt

By Carmen

Alam El-Shawish West Development Lease is a producing conventional oil field located onshore Egypt and is operated by AESW Petroleum. The field is located in block Alam el-Shawish West Concession.

Field participation details

The field is owned by China ZhenHua Oil, Cheiron, Capricorn Energy and Neptune Energy Group.


Production from Alam El-Shawish West Development Lease

The Alam El-Shawish West Development Lease conventional oil field recovered 76.95% of its total recoverable reserves, with peak production in 2015. The peak production was approximately 27.96 thousand bpd of crude oil and condensate and 83 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2026. The field currently accounts for approximately 2% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 41.81 Mmboe, comprised of 3.64 Mmbbl of crude oil & condensate and 229.01 bcf of natural gas reserves. Alam El-Shawish West Development Lease conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.


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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