El M’Zaid is a conventional oil development located onshore Algeria and is operated by Groupement El M Zaid. El M’Zaid lies in block El M’zaid (Block 438b).
The project is currently in approval stage and is expected to start commercial production in 2023. The El M’Zaid conventional oil development will involve the drilling of approximately one wells.
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Field participation details
The field is owned by China National Petroleum and Sonatrach.
Production from El M’Zaid
Production from the El M’Zaid conventional oil development project is expected to begin in 2023 and is forecast to peak in 2024, to approximately 8,847 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2078.
Remaining recoverable reserves
The field is expected to recover 45.92 Mmboe, comprised of 45.92 Mmbbl of crude oil & condensate.
See Also:
Contractors involved in the El M’Zaid conventional oil field
The key contractors involved in the El M’Zaid project as follows.
Other Contractors: Jacobs Engineering Group
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By GlobalDataMethodology
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.
