West Ghareb Development Lease is a producing heavy oil field located onshore Egypt and is operated by Dara 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 Ghareb Development Lease heavy oil field, namely the Arta Phase 1 Development, the Hoshia Development and the Hana Development. The expansion projects are currently in the feasibility stage.
Field participation details
The field is owned by VAALCO Energy.
Production from West Ghareb Development Lease
The West Ghareb Development Lease heavy oil field recovered 74.23% of its total recoverable reserves, with peak production in 2013. The peak production was approximately 12.60 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2040.
Remaining recoverable reserves
The field is expected to recover 15.03 Mmboe, comprised of 15.03 Mmbbl of crude oil & condensate. West Ghareb Development Lease heavy oil field reserves accounts 0.03% of total remaining reserves of producing heavy oil fields globally.
Contractors involved in the West Ghareb Development Lease heavy oil field
The key contractors involved in the West Ghareb Development Lease project as follows.
Other Contractors: Egyptian General Petroleum
For more details on the West Ghareb Development Lease Heavy Oil Field, buy the profile here.