Southwest Gebel El-Zeit Development Lease is a producing conventional oil field located in shallow water in Egypt and is operated by Improved Petroleum Recovery Group of Companies. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block South West Gebel EL Zeit Development Lease, with water depth of 86 feet. Buy the profile here.
Field participation details
The field is owned by Improved Petroleum Recovery Group of Companies and Sahara Oil & Gas.
Production from Southwest Gebel El-Zeit Development Lease
The Southwest Gebel El-Zeit Development Lease conventional oil field recovered 60.51% of its total recoverable reserves, with peak production in 2012. The peak production was approximately 10.19 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2043.
Remaining recoverable reserves
The field is expected to recover 19.95 Mmboe, comprised of 19.95 Mmbbl of crude oil & condensate.
About Improved Petroleum Recovery Group of Companies
Improved Petroleum Recovery Group of Companies (IPR) is an oil and gas company that acquires, explores, produces and develops oil and gas properties. The company provides services such as consulting services and profile control services. It offers consulting services such as reservoir simulation and management, field development and rehabilitation, reserves estimates and equity determination, geological model development and reservoir characterization, and design and field application services, among others. IPR also offers EOR evaluation, drilling and production, improved oil recovery and enhanced oil recovery technologies, economic evaluation and optimization, training, technology transfer services, and others. The company has its operations in Pakistan, Egypt, the US, and others. IPR is headquartered in Irving, Texas, the US.
For more details on the Southwest Gebel El-Zeit Development Lease Conventional Oil Field, buy the profile here.