Saqqara is a producing conventional oil field located in shallow water in Egypt and is operated by Gulf Of Suez Petroleum. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Merged Concession, Gupco Merged Develpoment Lease, and LL 87 (1&2) Development Lease, with water depth of 85 feet. Buy the profile here.
Field participation details
The field is owned by Emirates National Oil.
Production from Saqqara
The Saqqara conventional oil field recovered 75.00% of its total recoverable reserves, with peak production in 2009. The peak production was approximately 34.51 thousand bpd of crude oil and condensate and 30.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2050. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 39.98 Mmboe, comprised of 35.47 Mmbbl of crude oil & condensate and 27.07 bcf of natural gas reserves. Saqqara conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.
About Gulf Of Suez Petroleum
Gulf Of Suez Petroleum Co is an oil and gas exploration company that offers finding and developing liquids rich natural gas resources.The company is headquartered in Egypt.
For more details on the Saqqara 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.
