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. 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.
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.
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