Ras Fanar Development Lease is a producing conventional oil field located in shallow water in Egypt and is operated by Suez Oil. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Ras Fanar Development Lease. Buy the profile here.
Field participation details
The field is owned by Egyptian General Petroleum.
Production from Ras Fanar Development Lease
The Ras Fanar Development Lease conventional oil field recovered 91.46% of its total recoverable reserves, with peak production in 1988. The peak production was approximately 20.00 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2040.
Remaining recoverable reserves
The field is expected to recover 12.13 Mmboe, comprised of 12.13 Mmbbl of crude oil & condensate.
For more details on the Ras Fanar 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.
