El-Fayum Development Lease is a producing conventional oil field located onshore Egypt and is operated by IPR Lake Qarun Petroleum. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block El Fayum Concession. Buy the profile here.
An expansion project is associated with the El-Fayum Development Lease, namely the Silah Water Flood Programme Phase 1B. This project is currently in the feasibility stage.
Field participation details
The field is owned by IPR Energy and Pharos Energy.
Production from El-Fayum Development Lease
The El-Fayum Development Lease conventional oil field recovered 52.51% of its total recoverable reserves, with peak production expected in 2024. The peak production will approximately 14.25 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2033.
Remaining recoverable reserves
The field is expected to recover 22.93 Mmboe, comprised of 22.93 Mmbbl of crude oil & condensate. El-Fayum Development Lease conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.
For more details on the El-Fayum 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.
