Meleiha Development Lease is a producing conventional oil field located onshore Egypt and is operated by Agiba Petroleum. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Merged Meleiha Development Lease. Buy the profile here.
An expansion project is associated with the Meleiha Development Lease, namely the Meleiha Phase 2 (Gas). This project is currently in the feasibility stage, expected to start in 2025.
Field participation details
The field is owned by Eni and Lukoil Oil.
Production from Meleiha Development Lease
The Meleiha Development Lease conventional oil field recovered 71.30% of its total recoverable reserves, with peak production in 2016. The peak production was approximately 62.42 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2045. The field currently accounts for approximately 2% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 129.27 Mmboe, comprised of 129.27 Mmbbl of crude oil & condensate. Meleiha Development Lease conventional oil field reserves accounts 0.03% of total remaining reserves of producing conventional oil fields globally.
For more details on the Meleiha 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.
