Khalda Development Lease is a producing conventional oil field located onshore Egypt and is operated by Khalda Petroleum. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Khalda Development Lease. Buy the profile here.
Three expansion projects are associated with the Khalda Development Lease conventional oil field, namely the Khalda Extension 3, the Khalda Extension 2 and the Qasr Development. The expansion projects are currently in the feasibility stage.
Field participation details
The field is owned by Apache and China Petrochemical.
Production from Khalda Development Lease
The Khalda Development Lease conventional oil field recovered 87.36% of its total recoverable reserves, with peak production in 2009. The peak production was approximately 94.94 thousand bpd of crude oil and condensate and 725.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2032. The field currently accounts for approximately 5% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 200.45 Mmboe, comprised of 123.46 Mmbbl of crude oil & condensate and 461.98 bcf of natural gas reserves. Khalda Development Lease conventional oil field reserves accounts 0.04% of total remaining reserves of producing conventional oil fields globally.
Contractors involved in the Khalda Development Lease conventional oil field
The key contractors involved in the Khalda Development Lease project as follows.
Other Contractors: Paladon Systems
About Khalda Petroleum
Khalda Petroleum Co (Khalda Petroleum) is engaged in the exploration, development, production and distribution of crude petroleum and natural gas.Khalda Petroleum is headquartered in Egypt.
For more details on the Khalda 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.
