East Ras Qattara Development Lease is a producing conventional oil field located onshore Egypt and is operated by Petroshahd Petroleum. The field is located in block East Ras Qattara Concession and East Ras Qattara Development Lease.
Field participation details
The field is owned by Empresa Nacional del Petroleo and United Energy Group.
Production from East Ras Qattara Development Lease
The East Ras Qattara Development Lease conventional oil field recovered 63.99% of its total recoverable reserves, with peak production in 2015. The peak production was approximately 24.01 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2048. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 39.28 Mmboe, comprised of 39.28 Mmbbl of crude oil & condensate. East Ras Qattara Development Lease 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.