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Gulf of Suez


About Gulf of Suez

The Gulf of Suez is a mature petroleum basin that has been in production since the 1980s. The area has traditionally been a regarded as a prolific petroleum basin where exploration has been slowed down by complex geology and presence of salt bodies that impede seismic imaging. The Gulf of Suez multi-client data was acquired during 2019 with support from Neptune Energy and Schlumberger (WesternGeco) and cover an area of approximately 300 square kilometers. The multi-client survey was acquired in a hybrid survey configuration, combining high density OBN with short streamers for near surface imaging. The multi-client area is near the Ramadan oil fields and several drilling campaigns are planned during the coming years. Recent highlights from the Gulf of Suez area was the 200 million barrels discovery in the Abu Rudeis Sidri development lease by ENI in 2019 and a 100 million barrels discovery by Dragon Oil announced in February 2022.