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November 30, 2021

Offshore North Sinai Development Lease Conventional Gas Field, Egypt

By Carmen

Offshore North Sinai Development Lease is a producing conventional gas field located in shallow water in Egypt and is operated by North Sinai Petroleum. The field is located in block Offshore North Sinai Concession and Offshore North Sinai Development Lease, with water depth of 280 feet.

An expansion project is associated with the Offshore North Sinai Development Lease, namely North Sinai Phase 2. This project is currently in the feasibility stage.

Field participation details

The field is owned by MOG Energy.


Production from Offshore North Sinai Development Lease

The Offshore North Sinai Development Lease conventional gas field recovered 52.62% of its total recoverable reserves, with peak production in 2009. The peak production was approximately 180 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2048. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 57.44 Mmboe, comprised of 344.64 bcf of natural gas reserves. Offshore North Sinai Development Lease conventional gas field reserves accounts 0.02% 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.

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