Teen is a conventional gas development located onshore Egypt and is operated by Obaiyed Petroleum. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Teen was discovered in 2015, lies in block North Matruh Concession. Buy the profile here.
The project is currently in construction stage and is expected to start commercial production in 2023. The development cost is expected to be $64 m.
Field participation details
The field is owned by Capricorn Energy and Cheiron.
Production from Teen
Production from the Teen conventional gas development project is expected to begin in 2023 and is forecast to peak in 2024, to approximately 9,300 bpd of crude oil and condensate and 74 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2032.
Remaining recoverable reserves
The field is expected to recover 23.33 Mmboe, comprised of 8.70 Mmbbl of crude oil & condensate and 87.77 bcf of natural gas reserves.
For more details on the Teen Conventional Gas 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.
