The Morgan oil field is an

oil field A petroleum reservoir or oil and gas reservoir is a subsurface accumulation of hydrocarbons contained in porous or fractured rock formations. Such reservoirs form when kerogen (ancient plant matter) is created in surrounding rock by the presence ...

located in the

Gulf of Suez The Gulf of Suez ( ar, خليج السويس, khalīǧ as-suwais; formerly , ', "Sea of Calm") is a gulf at the northern end of the Red Sea, to the west of the Sinai Peninsula. Situated to the east of the Sinai Peninsula is the smaller Gulf of ...

. It was discovered in 1965 and developed by Gulf of Suez Petroleum Company. It began production in 1966 and produces

oil An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) & lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturated ...

and

natural gas Natural gas (also called fossil gas or simply gas) is a naturally occurring mixture of gaseous hydrocarbons consisting primarily of methane in addition to various smaller amounts of other higher alkanes. Low levels of trace gases like carbo ...

. This is the Egyptian account of discovery for reasons of gaining back the Sinai from Israel in the Camp David Accords in 1977. In fact, King Resources Company of the Israel MidBar Concession (of which King Resources Company was a Partner and the Operator) actually made the major producing discovery in 1969 at initial production of 110,000 barrels of oil per day. The total

proven reserves Proven reserves (also called measured reserves, 1P, and reserves) is a measure of fossil fuel energy reserves, such as oil reserves, natural gas reserves, and coal reserves. It is defined as the " antity of energy sources estimated with reasonabl ...

of the Morgan oil field are around 2.7 billion barrels (362×10⁶tonnes), and production is centered on .

References

Oil fields in Egypt Red Sea 1966 establishments in Egypt {{Egypt-geo-stub

See also

References