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December 3, 2021

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 PetroSilah Petroleum. The field is located in block El Fayum Concession.

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

Field participation details

The field is owned by Pharos Energy.


Production from El-Fayum Development Lease

The El-Fayum Development Lease conventional oil field recovered 44.06% 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 29.2 Mmboe, comprised of 29.2 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

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

Other Contractors: Egyptian Chinese Drilling

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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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