Qarun Development Lease is a producing conventional oil field located onshore Egypt and is operated by Qarun Petroleum. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Qarun Development Lease. Buy the profile here.
Field participation details
The field is owned by Apache and China Petrochemical.
Production from Qarun Development Lease
The Qarun Development Lease conventional oil field recovered 82.12% of its total recoverable reserves, with peak production in 2012. The peak production was approximately 53.35 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2039. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 62.69 Mmboe, comprised of 62.69 Mmbbl of crude oil & condensate. Qarun Development Lease conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.
For more details on the Qarun Development Lease Conventional Oil Field, buy the profile here.