Northeast Abu Gharadig Development Lease is a producing conventional oil field located onshore Egypt and is operated by Tiba 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 East abu Gharadig Development Lease. Buy the profile here.
Field participation details
The field is owned by Apache, Capricorn Energy, Cheiron and China Petrochemical.
Production from Northeast Abu Gharadig Development Lease
The Northeast Abu Gharadig Development Lease conventional oil field recovered 66.29% of its total recoverable reserves, with peak production in 2010. The peak production was approximately 14.00 thousand bpd of crude oil and condensate and 50.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2041. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 38.65 Mmboe, comprised of 20.56 Mmbbl of crude oil & condensate and 108.49 bcf of natural gas reserves. Northeast Abu Gharadig Development Lease conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.
For more details on the Northeast Abu Gharadig 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.
