Area A Concession is a producing conventional oil field located onshore Egypt and is operated by Kuwait Energy Egypt. The field is located in block Area A Development Lease.
Field participation details
The field is owned by Egyptian General Petroleum.
Production from Area A Concession
The Area A Concession conventional oil field recovered 50.40% of its total recoverable reserves, with peak production in 2019. The peak production was approximately 8.95 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2062.
Remaining recoverable reserves
The field is expected to recover 35.92 Mmboe, comprised of 35.92 Mmbbl of crude oil & condensate. Area A Concession 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.