Disouq Development Lease is a producing conventional gas field located onshore Egypt and is operated by Disouq Petroleum. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Disouq Development Lease. Buy the profile here.
An expansion project is associated with the Disouq Development Lease, namely the Disouq Gas Development. This project is currently in the approval stage, expected to start in 2023.
Field participation details
The field is owned by BASF, Egyptian General Petroleum and LetterOne Holdings.
Production from Disouq Development Lease
The Disouq Development Lease conventional gas field recovered 32.17% of its total recoverable reserves, with peak production in 2021. The peak production was approximately 4.08 thousand bpd of crude oil and condensate and 220.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2076. The field currently accounts for approximately 2% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 183.04 Mmboe, comprised of 18.30 Mmbbl of crude oil & condensate and 988.42 bcf of natural gas reserves. Disouq Development Lease conventional gas field reserves accounts 0.06% of total remaining reserves of producing conventional gas fields globally.
For more details on the Disouq Development Lease Conventional Gas 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.
