North Safa is a conventional oil development located in shallow water in Egypt and is operated by Dragon Oil. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, North Safa was discovered in 2022, lies in block Northeast Ramadan Concession, with water depth of around 217 feet. Buy the profile here.
The project is currently in commissioning stage and is expected to start commercial production in 2023.
Field participation details
The field is owned by Emirates National Oil.
Production from North Safa
Production from the North Safa conventional oil development project is expected to begin in 2023 and is forecast to peak in 2025, to approximately 15,000 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2040.
Remaining recoverable reserves
The field is expected to recover 33.39 Mmboe, comprised of 33.39 Mmbbl of crude oil & condensate.
Contractors involved in the North Safa conventional oil field
Some of the key contractors involved in the North Safa project as follows.
EPC Contractors: Egyptian General Petroleum and PMS
About Dragon Oil
Dragon Oil Plc (Dragon Oil) is a subsidiary of Emirates National Oil Company Ltd. It is an independent oil and gas company that carries out acquisition, exploration, and development of hydrocarbon resources. It focuses on properties in offshore Turkmenistan and exploration assets in Iraq, Algeria, Tunisia, Afghanistan, and Egypt. Dragon Oil‘s main asset is the Cheleken Contract Area, in the eastern section of the Caspian Sea, offshore Turkmenistan. The company has its exploration assets in Block 9 in Iraq; East Zeit Bay in Egypt; Tinrhert Nord and Msari Akabli perimeters in Algeria; Sanduqli and Mazar-i-Sharif blocks in Afghanistan; and the Bargou Exploration Permit in Tunisia. Dragon Oil is headquartered in Dubai, the UAE.
For more details on the North Safa Conventional Oil Field, buy the profile here.