Ras El-Barr Development Lease is a producing conventional gas field located in shallow water in Egypt and is operated by Rashid Petroleum. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Ras El Barr Concession, with water depth of 328 feet. Buy the profile here.
Field participation details
The field is owned by BP and Eni.
Production from Ras El-Barr Development Lease
The Ras El-Barr Development Lease conventional gas field recovered 97.57% of its total recoverable reserves, with peak production in 2013. The peak production was approximately 615.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2026. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 10.36 Mmboe, comprised of 62.15 bcf of natural gas reserves.
For more details on the Ras El-Barr Development Lease Conventional Gas Field, buy the profile here.