Qantara Development Lease is a producing conventional gas field located onshore 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 El Qantara Development Lease. Buy the profile here.
Field participation details
The field is owned by Egyptian General Petroleum.
Production from Qantara Development Lease
The Qantara Development Lease conventional gas field recovered 23.57% of its total recoverable reserves, with peak production in 2022. The peak production was approximately 26.45 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2071. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 126.28 Mmboe, comprised of 126.16 Mmbbl of crude oil & condensate and 0.69 bcf of natural gas reserves. Qantara Development Lease conventional gas field reserves accounts 0.04% of total remaining reserves of producing conventional gas fields globally.
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 Qantara Development Lease Conventional Gas Field, buy the profile here.