Abu Qir Development Lease is a producing conventional gas field located in shallow water in Egypt and is operated by Abuqir Petroleum. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Abu Qir Development Lease, with water depth of 116 feet. Buy the profile here.
An expansion project is associated with the Abu Qir Development Lease, namely the Abu Qir Development . This project is currently in the feasibility stage.
Field participation details
The field is owned by Energean.
Production from Abu Qir Development Lease
The Abu Qir Development Lease conventional gas field recovered 78.26% of its total recoverable reserves, with peak production in 2017. The peak production was approximately 5.01 thousand bpd of crude oil and condensate, 252.00 Mmcfd of natural gas and 1.69 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2058. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 134.98 Mmboe, comprised of 12.11 Mmbbl of crude oil & condensate, 709.13 bcf of natural gas reserves and 4.68 Mmbbl of natural gas liquid reserves. Abu Qir Development Lease conventional gas field reserves accounts 0.05% of total remaining reserves of producing conventional gas fields globally.
For more details on the Abu Qir Development Lease Conventional Gas Field, buy the profile here.