Disouq Development Lease is a producing conventional gas field located onshore Egypt and is operated by Disouq Petroleum. The field is located in block Disouq Development Lease.
An expansion project is associated with the Disouq Development Lease, namely Disouq Gas Development. This project is currently in the feasibility stage, expected to start in 2023.
Field participation details
The field is owned by LetterOne Holdings, BASF and Egyptian General Petroleum.
Production from Disouq Development Lease
The Disouq Development Lease conventional gas field recovered 64.19% of its total recoverable reserves, with peak production in 2015. The peak production was approximately 206 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2055. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 26.81 Mmboe, comprised of 2.19 Mmbbl of crude oil & condensate and 147.72 bcf of natural gas reserves. Disouq Development Lease conventional gas field reserves accounts 0.01% of total remaining reserves of producing conventional gas fields globally.
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.