Publications

Survey of Energy Resources 2007

Crude Oil and Natural Gas Liquids Country Notes

Egypt (Arab Republic)

Proved recoverable reserves (crude oil and NGLs, million tonnes)	495
Production (crude oil and NGLs, million tonnes, 2005)	33.9
R/P ratio (years)	14.7
Year of first commercial production	1911

Egypt has the sixth largest proved oil reserves in Africa, with over half located in its offshore waters. According to the Egyptian WEC Member Committee, Egypt's crude oil reserves were 2.9 billion barrels (408 million tonnes) at the end of 2005, together with 0.8 billion barrels (87 million tonnes) of NGLs (condensates and LPG). The main producing regions are in or alongside the Gulf of Suez and in the Western Desert.

Egypt is a member of OAPEC, although crude oil exports account for only about 3% of its production, having fallen considerably in recent years. Total oil output (including condensate and gas-plant LPGs) has been gradually declining in recent years. In 2005 crude oil production was 28.5 million tonnes (554 000 b/d), condensate production was 4.2 million tonnes (104 000 b/d), and LPGs from gas-processing plants amounted to 1.2 million tonnes (38 000 b/d).