East Ras Qattara Development Lease is a producing conventional oil field located onshore Egypt and is operated by Petroshahd Petroleum. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block East Ras Qattara Concession and East Ras Qattara Development Lease. Buy the profile here.
Field participation details
The field is owned by Empresa Nacional del Petroleo and United Energy Group.
Production from East Ras Qattara Development Lease
The East Ras Qattara Development Lease conventional oil field recovered 55.20% of its total recoverable reserves, with peak production in 2015. The peak production was approximately 24.01 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2052. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 58.66 Mmboe, comprised of 58.66 Mmbbl of crude oil & condensate. East Ras Qattara Development Lease conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.
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