Belayim Marine & Belayim Land

Project Overview

The Belayim Marine & Belayim Land Oil Project is an operating oil project that includes both the Belayim Marine Oil and Gas Field and the Belayim Land Oil and Gas Field. It is situated in the Gulf of Suez and the Nile Delta Area of Egypt.

History and Development

• The Belayim Marine Oil and Gas Field was discovered in 1961 and began production in 1962. It was developed by Eni, although it is currently operated by the International Egyptian Oil Company (IEOC).

Operator and Ownership

• The project is operated and fully owned by the International Egyptian Oil Company (IEOC).

Location

• The project is located offshore in the Gulf of Suez, with specific coordinates approximately at 28.616, 33.202 (WGS 84).

Production and Reserves

• Cumulative Production: As of 1979, the cumulative oil production from the Belayim Marine & Belayim Land Oil Project was 252.63 million barrels.
• Annual Production: In 2005, the project produced approximately 56.36 million barrels of oil per year.
• Reserves: The Belayim Marine Oil and Gas Field has reserves that include:
  • Original recoverable oil reserves of 226.44 million barrels as of 1979.
  • Oil reserves of 242 million barrels as of 2010.
  • Gas reserves with an estimated ultimate recovery (EUR) of 12,544.24 million cubic meters as of 2010.
  • The total proven reserves of the Belayim oil field are around 2.78 billion barrels (373×10^6 tonnes).

Production Rates

• The Belayim Marine Oil and Gas Field produces hydrocarbons at a rate of approximately 8.69 million barrels of oil equivalent per year (boe/y) as of 2017.
• The field is centered on a production rate of about 75,000 barrels per day (11,900 m³/d).

Geology

• The source rocks in the area are primarily from the Pre-Miocene succession, including the Nubia-B formation from the Carboniferous period, the Dawi Formation from the Late Cretaceous epoch, the Esna shale formation from the Paleocene, and the Thebes carbonate formation from the Eocene epoch. These formations have an average total organic content (TOC) of 0.5-2% and are mainly oil-prone type 2 kerogen.

Infrastructure and Projects

• The project involves several offshore platforms and infrastructure developments. For example, the Temsah-4 Platform, installed by Belayim Petroleum Company (Petrobel), is a 4-leg, 12-slot unmanned fixed offshore production platform with a capacity of 10 million standard cubic meters per day (MMSCMD) of gas plus 3,000 barrels per day (BPD) of condensate.

In summary, the Belayim Marine & Belayim Land Oil Project is a long-standing and significant oil and gas production project in Egypt, operated by the International Egyptian Oil Company, with substantial reserves and ongoing production activities.