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November 24, 2021updated 27 Apr 2022 12:48pm

Morgan Conventional Oil Field, Egypt

By Carmen

Morgan is a producing conventional oil field located in shallow water in Egypt and is operated by Gulf Of Suez Petroleum. The field is located in block Merged Concession and Gupco Merged Develpoment Lease, with water depth of 85 feet.

Field participation details

The field is owned by Emirates National Oil.


Production from Morgan

The Morgan conventional oil field recovered 96.53% of its total recoverable reserves, with peak production in 1971. The peak production was approximately 275.14 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2061. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 60.27 Mmboe, comprised of 60.27 Mmbbl of crude oil & condensate. Morgan conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.


About Gulf Of Suez Petroleum

Gulf Of Suez Petroleum Co is an oil and gas exploration company that offers finding and developing liquids rich natural gas resources.The 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.

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