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December 1, 2021updated 27 Apr 2022 11:43am

Belayim Development Lease Conventional Oil Field, Egypt

By Carmen

Belayim Development Lease is a producing conventional oil field located in shallow water in Egypt and is operated by Petrobel. The field is located in block Belayim Development Lease, with water depth of 132 feet.

Field participation details

The field is owned by Eni.


Production from Belayim Development Lease

The Belayim Development Lease conventional oil field recovered 86.42% of its total recoverable reserves, with peak production in 1993. The peak production was approximately 235 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2051. The field currently accounts for approximately 4% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 421.86 Mmboe, comprised of 421.86 Mmbbl of crude oil & condensate. Belayim Development Lease conventional oil field reserves accounts 0.09% 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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