Teen is a conventional gas development located onshore Egypt and is operated by Obaiyed Petroleum. Teen lies in block North Matruh Concession.
The project is currently in feasibility 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 25.41 Mmboe, comprised of 10.78 Mmbbl of crude oil & condensate and 87.77 bcf of natural gas reserves.
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.