Ashrafi Development Lease is a producing conventional oil field located in shallow water in Egypt and is operated by Ashrafi Island Pet. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field has water depth of 95 feet. Buy the profile here.
Field participation details
The field is owned by Egyptian General Petroleum and Eni.
Production from Ashrafi Development Lease
The Ashrafi Development Lease conventional oil field recovered 98.02% of its total recoverable reserves, with peak production in 2000. The peak production was approximately 20.33 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2029.
Remaining recoverable reserves
The field is expected to recover 3.34 Mmboe, comprised of 3.34 Mmbbl of crude oil & condensate.
For more details on the Ashrafi Development Lease Conventional Oil Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
