Matruh Development Lease is a producing conventional gas 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 Matruh Development Lease. Buy the profile here.
Field participation details
The field is owned by Apache and China Petrochemical.
Production from Matruh Development Lease
The Matruh Development Lease conventional gas field recovered 92.24% of its total recoverable reserves, with peak production in 2011. The peak production was approximately 5.65 thousand bpd of crude oil and condensate and 183.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2028.
Remaining recoverable reserves
The field is expected to recover 10.03 Mmboe, comprised of 6.26 Mmbbl of crude oil & condensate and 22.59 bcf of natural gas reserves.
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 Matruh 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.
