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November 25, 2021updated 27 Apr 2022 11:59am

Meleiha Development Lease Conventional Oil Field, Egypt

By Carmen

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

An expansion project is associated with the Meleiha Development Lease, namely Meleiha Phase 2 (Gas). This project is currently in the feasibility stage, expected to start in 2025.

Field participation details

The field is owned by Lukoil Oil and Eni.


Production from Meleiha Development Lease

The Meleiha Development Lease conventional oil field recovered 97.78% of its total recoverable reserves, with peak production in 2016. The peak production was approximately 62.42 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2025. The field currently accounts for approximately 2% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 6.79 Mmboe, comprised of 6.79 Mmbbl of crude oil & condensate.


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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