Obaiyed Development Lease is a producing conventional gas field located onshore Egypt and is operated by Obaiyed Petroleum. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Obaiyed Development Lease. Buy the profile here.
An expansion project is associated with the Obaiyed Development Lease, namely the Obaiyed Development Lease Expansion. This project is currently in the feasibility stage, expected to start in 2025.
Field participation details
The field is owned by Capricorn Energy and Cheiron.
Production from Obaiyed Development Lease
The Obaiyed Development Lease conventional gas field recovered 91.64% of its total recoverable reserves, with peak production in 2015. The peak production was approximately 14.26 thousand bpd of crude oil and condensate and 370.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2031. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 45.30 Mmboe, comprised of 13.00 Mmbbl of crude oil & condensate and 193.81 bcf of natural gas reserves. Obaiyed Development Lease conventional gas field reserves accounts 0.02% of total remaining reserves of producing conventional gas fields globally.
For more details on the Obaiyed 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.
