Assets

SAZ concession is situated just offshore of the Baba Plain, in the northeasterly-dipping rift block regime of the central Gulf of Suez, surrounded by several massive oil producing field (e.g Ras Budran, Abu Rudeis, October, …etc). The stratigraphic section of the pre-Miocene documents a laterally consistent package from the Paleozoic Nubia sandstone to the Thebes limestone. This package includes interbeded sandstones, shales, and massive tight carbonates and dis¬sected by intrusive dikes, sills, and flows. The two dominant fault orientations are northwest (generally attributed to the clysmic trend) and northeast (cross-fault or ‘Aqaba’ trend). The main Reservoirs in SAZ concession are Nukhul, Matulla, Nubia as a conventional reservoirs in addition to igneous intrusions as an unconventional reservoir.

The Muzhil field is located offshore Egypt in the eastern part of the Gulf of Suez. Water depths ranging from 30 to 70 meters. The concession falls within a very prolific hydrocarbon area that is surrounded by Ras Budran, October, N. October and Rudeis/Sidri oil Fields that are producing from the of the Miocene, Cretaceous and Nubia sandstone reservoirs as well as the Eocene fractured carbonates.

First oil was achieved in 2016, with current production of approximately 2500 BOPD, expected to be ramped up to 5000 BOPD by 2021. Remaining recoverable RPS audited reserves as of July 2019 is 12.04 MMstb.
NPC operates an Mobile offshore Production Unit (MOPU) and an FSO (Floating Storage offloading) vessel

WEEM concession area is surrounded by oil producing fields (e.g Esh ElMalaha, Wadi ElSahl,…etc) and structurally bounded from western side, by granitic highlands, with pre-rift (pre-Miocene) sediments flanking the basement uplifted high masses. Structurally, the area is characterized by a regional SW dip regime with a half graben structural plays (e.g. the main Esh El-Mellaha Range, G. Zeit, Hilal off shore field…etc). WEEM area is tectonically affected by the interaction of two fault systems. the oblique fault system (the pre-rift “pre-existing” oblique to the gulf trend faults) and the clysmic (Gulf parallel) fault system (Karamat and Fouda, 1990). The main reservoirs in WEEM concession are Nukhul, Thebes, Matulla and Nubia.

Esh El-Mallaha area is located on the western coast of the Gulf of Suez which is considered the biggest source of hydrocarbon resources in Egypt. Reservoirs range in age from Cretaceous to Miocene.

Three reservoirs are planned for development, Matulla, Eocene, and Nubia with the Matulla being the main production target.
Development started with the re-entry of the existing two wells, in addition to drilling a new development well, Production is expected to increase to ± 700 BOPD after completing the 2020 workover plan, and after completing the drilling and workover program for (2020-2022) the production will increase to approximately 2300 BOPD.