Gulf Oil and Gas accountACCOUNT

2 Million Tons Of Oil Produced On The WEEM Block In EGYPT Since The Beginning Of Operations

Source: www.oilegypt.com 7/27/2005, Location: Africa

Share |
On the Egyptian field West Esh El-Mallaha (WEEM) located in the Eastern Desert near the Khurghada resort the total of 2 million tons were produced since the beginning of its operation.The field is developed by LUKOIL Overseas and Eshpetco of Egypt on a parity basis.

WEEM is one of the four international production projects of LUKOIL Overseas.The project exists since1993, though the first 2D seismic survey was conducted on the block back in 1978.A 3D seismic survey was conducted on the license area in 1994.The first exploration well that gave oil shows was drilled on the block in 1995.The first production wells were drilled in 1997 and in 1998 the field was put in operation under the temporary scheme with crude oil transportation by truck tanks.

In 2001 LUKOIL Overseas entered into the WEEM project and provided for dramatic enhancement of the field development.In 2001 43.8 thousand tons were produced, in 2002 the production was 363.8 thousand tons and in 2003 it reached 545.2 thousand tons.Notably, the production increased by more than 12 times over just 2 years.Since May 2002 the project has been generating the increasing positive cash flow.In 2004 575 thousand tons were produced on the WEEM field and the production plan was outstripped by 35 thousand tons.Besides, in 2004 3 new oil tanks were built on the field, a number of auxiliary units and a 100-km export pipeline, which connected the field with the oil loading terminals Ras El-Bikhar and Gebel Az-Zeit on the western coast of the Red Sea.The capacity of the pipeline is 24 thousand barrels of oil per day and it is designed for the uninterrupted operation within 30 years.The total cost of the construction amounted to USD 8 million.

Seismic survey News in Egypt >>

Mexico >>  11/11/2018 - Reference is made to the stock exchange notifications published by Electromagnetic Geoservices ASA on, respectively, 19 and 26 October 2018, regarding...
Mozambique >>  11/8/2018 - CGG announced during Africa Oil Week that the fast-track 3D seismic data from its recent Mozambique multi-client survey in the outer Zambezi Delta Bas...

United Arab Emirates >>  11/1/2018 - Polarcus Limited has received an award for a 3D marine seismic acquisition project in West Africa. The award comprises two surveys of approximately th...
Russia >>  10/22/2018 - Polarcus has received an award for a 3D marine seismic acquisition project in South East Asia. The project duration is approx. 4 months and is schedul...

Saudi Arabia >>  10/22/2018 - Seabed Geosolutions (Seabed) and its partner have been awarded a 3D ocean bottom node survey in the Red Sea. The S-79 project will require the acquisi...
Brazil >>  10/16/2018 - Spectrum and TGS have joined forces and expanded the Santos 3D program to 15,000 square kilometers over the prospective southern Santos Basin offshore...

Related Categories: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 

Related Articles: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 


Egypt Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 |

Oil & Gas Projects in Egypt >>

More News

 

Oil & Gas Companies in Egypt >>


Related Links

AO BJ BW CD CG CI CM DZ EG ET GA GH GM GN GQ GW KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO ST SZ TD TN TZ UG ZA ZM
Gulf Oil and Gas
Copyright Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.