East Zeit development Lease is a producing conventional oil field located in shallow water in Egypt and is operated by East Zeit Petroleum. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field has water depth of 236 feet. Buy the profile here.
Field participation details
The field is owned by Korea National Oil.
Production from East Zeit development Lease
The East Zeit development Lease conventional oil field recovered 98.65% of its total recoverable reserves, with peak production in 1990. The peak production was approximately 23.85 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2026.
Remaining recoverable reserves
The field is expected to recover 1.69 Mmboe, comprised of 1.69 Mmbbl of crude oil & condensate.
For more details on the East Zeit 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.
