North Shadwan Development Lease is a producing conventional oil field located in shallow water in Egypt and is operated by Egyptian General Petroleum. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block North Shadwan Concession, North Shadwan-2 (385) Development Lease, and North Shadwan-1 (377) Development Lease, with water depth of 132 feet. Buy the profile here.
Field participation details
The field is owned by Egyptian General Petroleum.
Production from North Shadwan Development Lease
The North Shadwan Development Lease conventional oil field recovered 77.81% of its total recoverable reserves, with peak production in 2014. The peak production was approximately 13.33 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2034.
Remaining recoverable reserves
The field is expected to recover 8.97 Mmboe, comprised of 8.97 Mmbbl of crude oil & condensate.
About Egyptian General Petroleum
Egyptian General Petroleum Corp (EGPC) is a state-owned integrated oil and gas company. It carries out drilling, oil and gas exploration, production, refining, and distribution. The company also has interests in the transportation and storage of crude oil, and the production of lubricants and greases. EGPC also provides helicopter transportation services; engineering, procurement, and construction for oil and gas projects; repair and maintenance services for machinery and equipment, and supplies manpower. The company is also responsible for granting oil concession agreements in Egypt. Its project portfolio includes Meleiha Gas Plant project, Zaafrana Field Development project, the Rehabilitation project, and the New Hydrocracker project, among others. EGPC is headquartered in Cairo, Egypt.
For more details on the North Shadwan Development Lease Conventional Oil Field, buy the profile here.