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December 7, 2021

Baltim Development Lease Conventional Gas Field, Egypt

By Carmen

Baltim Development Lease is a producing conventional gas field located in shallow water in Egypt and is operated by Petrobel. The field is located in block Baltim Concession, Baltim Northeast Development Lease, Baltim South Development Lease, Baltim North Development Lease, and Baltim East Development Lease, with water depth of 82 feet.

Field participation details

The field is owned by BP and Eni.


Production from Baltim Development Lease

The Baltim Development Lease conventional gas field recovered 71.70% of its total recoverable reserves, with peak production in 2014. The peak production was approximately 7 thousand bpd of crude oil and condensate and 247 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2049. The field currently accounts for approximately 2% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 101.98 Mmboe, comprised of 14.98 Mmbbl of crude oil & condensate and 522.03 bcf of natural gas reserves. Baltim Development Lease conventional gas field reserves accounts 0.03% of total remaining reserves of producing conventional gas 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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