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

Field participation details

The field is owned by Capricorn Energy and Cheiron.

Production from Obaiyed Development Lease

The Obaiyed Development Lease conventional gas field recovered 93.78% of its total recoverable reserves, with peak production in 2015. The peak production was approximately 14.26 thousand bpd of crude oil and condensate and 370 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2028. The field currently accounts for approximately 1% of the country’s daily output.

Remaining recoverable reserves

The field is expected to recover 32.3 Mmboe, comprised of 8.95 Mmbbl of crude oil & condensate and 140.09 bcf of natural gas reserves. Obaiyed Development Lease conventional gas field reserves accounts 0.01% of total remaining reserves of producing conventional gas fields globally.

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.