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December 2, 2021

Area A Concession Conventional Oil Field, Egypt

By Carmen

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 46.53% 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. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 38.72 Mmboe, comprised of 38.72 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.

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