West Bakr Development Lease is a producing heavy oil field located onshore Egypt and is operated by West Bakr Petroleum. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Eastern Desert Merged Concession. Buy the profile here.
Three expansion projects are associated with the West Bakr Development Lease heavy oil field, namely the West Bakr K Development, the West Bakr H Development and the West Bakr M Development. The expansion projects are currently in the feasibility stage.
Field participation details
The field is owned by VAALCO Energy.
Production from West Bakr Development Lease
The West Bakr Development Lease heavy oil field recovered 58.36% of its total recoverable reserves, with peak production expected in 2025. The peak production will approximately 10.29 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2051.
Remaining recoverable reserves
The field is expected to recover 43.78 Mmboe, comprised of 43.78 Mmbbl of crude oil & condensate. West Bakr Development Lease heavy oil field reserves accounts 0.10% of total remaining reserves of producing heavy oil fields globally.
Contractors involved in the West Bakr Development Lease heavy oil field
The key contractors involved in the West Bakr Development Lease project as follows.
Other Contractors: Egyptian General Petroleum
For more details on the West Bakr Development Lease Heavy 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.
