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December 3, 2021updated 27 Apr 2022 12:13pm

El-Fayum Development Lease Conventional Oil Field, Egypt

By Carmen

El-Fayum Development Lease is a producing conventional oil field located onshore Egypt and is operated by IPR Lake Qarun Petroleum. The field is located in block El Fayum Concession.

Two expansion projects are associated with the El-Fayum Development Lease conventional oil field, namely El Fayum Infill Development Project and Silah Water Flood Programme Phase 1B. The expansion projects are currently in the commissioning and feasibility stage.

Field participation details

The field is owned by Pharos Energy and IPR Energy.


Production from El-Fayum Development Lease

The El-Fayum Development Lease conventional oil field recovered 48.62% of its total recoverable reserves, with peak production expected in 2024. The peak production will approximately 14.25 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2033.


Remaining recoverable reserves

The field is expected to recover 25.59 Mmboe, comprised of 25.59 Mmbbl of crude oil & condensate. El-Fayum Development Lease conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.


Contractors involved in the El-Fayum Development Lease conventional oil field

Some of the key contractors involved in the El-Fayum Development Lease project as follows.

Other Contractors: Egyptian Chinese Drilling and SDF Oilwell Technology

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.

Related Companies

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