North Port Said Development Lease is a producing conventional gas field located in shallow water in Egypt and is operated by Petrobel. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block North Port Said Concession, with water depth of 187 feet. Buy the profile here.
Field participation details
The field is owned by Eni.
Production from North Port Said Development Lease
The North Port Said Development Lease conventional gas field recovered 95.17% of its total recoverable reserves, with peak production in 2006. The peak production was approximately 8.09 thousand bpd of crude oil and condensate and 459.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2027. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 13.11 Mmboe, comprised of 2.04 Mmbbl of crude oil & condensate and 66.45 bcf of natural gas reserves.
For more details on the North Port Said 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.
