View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Market Data
November 25, 2021updated 27 Apr 2022 12:39pm

Saqqara Conventional Oil Field, Egypt

By Carmen

Saqqara is a producing conventional oil field located in shallow water in Egypt and is operated by Gulf Of Suez Petroleum. 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.

Field participation details

The field is owned by Emirates National Oil.


Production from Saqqara

The Saqqara conventional oil field recovered 72.50% of its total recoverable reserves, with peak production in 2009. The peak production was approximately 34.51 thousand bpd of crude oil and condensate and 30 Mmcfd of natural gas. 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.


Remaining recoverable reserves

The field is expected to recover 43.97 Mmboe, comprised of 38.97 Mmbbl of crude oil & condensate and 29.98 bcf of natural gas reserves. Saqqara conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.


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.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Offshore Technology