Baltim East

Location

The Baltim Development Lease, which includes the Baltim East Development Lease, is situated in shallow water off the coast of Egypt. Specifically, it is located within the Baltim Concession area.

Water Depth

The field is in an area with a water depth of approximately 82 feet.

Operators and Ownership

The Baltim Development Lease, including the Baltim East area, is operated by Petrobel. The field is owned by BP Plc and Eni SpA.

Production Details

• The Baltim Development Lease is a producing conventional gas field.
• As of the latest data, the field has recovered about 40.87% of its total recoverable reserves.
• Peak production was achieved in 2023.
• Based on economic assumptions, production is expected to continue until the field reaches its economic limit in 2067.

Contribution to National Output

The Baltim Development Lease currently accounts for approximately 6% of Egypt’s daily gas output.

Field Structure

The Baltim Development Lease encompasses several development areas, including:

• Baltim Northeast Development Lease
• Baltim South Development Lease
• Baltim North Development Lease
• Baltim East Development Lease These areas are part of the larger Baltim Concession.

Future Outlook

Given the current production levels and the expected economic limit in 2067, the field is anticipated to remain a significant contributor to Egypt's gas production for several decades. However, specific details about the Baltim East area's individual production targets or reserve estimates are not provided in the available sources.

In summary, the Baltim East development is an integral part of the larger Baltim Development Lease, a key gas-producing field in Egypt operated by Petrobel and owned by BP and Eni.