Baltim Development Lease is a producing conventional gas field located in shallow water in Egypt and is operated by Petrobel. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Baltim Concession, Baltim Northeast Development Lease, Baltim South Development Lease, Baltim North Development Lease, and Baltim East Development Lease, with water depth of 82 feet. Buy the profile here.

Field participation details

The field is owned by BP and Eni.

Production from Baltim Development Lease

The Baltim Development Lease conventional gas field recovered 42.67% of its total recoverable reserves, with peak production in 2022. The peak production was approximately 16.47 thousand bpd of crude oil and condensate and 477.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2063. The field currently accounts for approximately 5% of the country’s daily output.

Remaining recoverable reserves

The field is expected to recover 444.96 Mmboe, comprised of 76.34 Mmbbl of crude oil & condensate and 2,211.76 bcf of natural gas reserves. Baltim Development Lease conventional gas field reserves accounts 0.15% of total remaining reserves of producing conventional gas fields globally.

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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.