North Ras Qattara Development Lease is a conventional oil development located onshore Egypt and is operated by Khalda Petroleum. Discovered in 2013, North Ras Qattara Development Lease lies in block North Ras Qattara Development Lease.

The project is currently in feasibility stage and is expected to start commercial production in 2022. The North Ras Qattara Development Lease conventional oil development will involve the drilling of approximately three wells.

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Field participation details

The field is owned by China Petrochemical, Improved Petroleum Recovery Group of Companies and Apache.


Production from North Ras Qattara Development Lease

Production from the North Ras Qattara Development Lease conventional oil development project is expected to begin in 2022 and is forecast to peak in 2024, to approximately 4,797 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2083.


Remaining recoverable reserves

The field is expected to recover 27.12 Mmboe, comprised of 27.12 Mmbbl of crude oil & condensate.

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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.

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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.