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December 1, 2021updated 27 Apr 2022 12:20pm

Khalda Development Lease Conventional Oil Field, Egypt

By Carmen

Khalda Development Lease is a producing conventional oil field located onshore Egypt and is operated by Khalda Petroleum. The field is located in block Khalda Development Lease.

Two expansion projects are associated with the Khalda Development Lease conventional oil field, namely Khalda Extension 3 and Khalda Extension 2. The expansion projects are currently in the feasibility stage.

Field participation details

The field is owned by China Petrochemical and Apache.


Production from Khalda Development Lease

The Khalda Development Lease conventional oil field recovered 97.69% of its total recoverable reserves, with peak production in 2009. The peak production was approximately 94.94 thousand bpd of crude oil and condensate and 725 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2025. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 26.66 Mmboe, comprised of 159.97 bcf of natural gas reserves. Khalda Development Lease conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.


About Khalda Petroleum

Khalda Petroleum Co is engaged in the exploration, development, production and distribution of crude petroleum and natural gasThe company is headquartered in Egypt.

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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