Northwest October is a conventional oil development located in shallow water in Egypt and is operated by Egyptian General Petroleum. Discovered in 2006, Northwest October lies in block Northwest October Concession and Northwest October Development Lease, with water depth of around 200 feet.
The project is currently in commissioning stage and is expected to start commercial production in 2022. The Northwest October conventional oil development will includes wellhead platform.
Field participation details
The field is owned by Egyptian General Petroleum.
Production from Northwest October
Production from the Northwest October conventional oil development project is expected to begin in 2022 and is forecast to peak in 2024, to approximately 5,816 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2087.
Remaining recoverable reserves
The field is expected to recover 33.65 Mmboe, comprised of 33.65 Mmbbl of crude oil & condensate.
See Also:
Contractors involved in the Northwest October conventional oil field
Some of the key contractors involved in the Northwest October project as follows.
Design/FEED Engineering: Egyptian General Petroleum
Main EPC: Egyptian General Petroleum
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By GlobalDataAbout Egyptian General Petroleum
Egyptian General Petroleum Corp (EGPC) specializes in the oil and gas exploration services. The company carries out refining, production, processing, distribution, drilling, transportation and storage of crude oil, production of lubricants and greases, provides man power supply, transportation services and manufacture of petrochemicals. It also offers engineering, procurement and construction for oil and gas projects and provides repair and maintenance services for machinery and equipment. The company’s upstream petroleum projects comprise of Meleiha Gas Plant Project, Zaafrana field development Project, Rehabilitation Project and New Hydrocracker Project, among others. It operates through its affiliate companies. EGPC is headquartered in Cairo, 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.
