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 prese ...

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

natural gas Natural gas (also fossil gas, methane gas, and gas) is a naturally occurring compound of gaseous hydrocarbons, primarily methane (95%), small amounts of higher alkanes, and traces of carbon dioxide and nitrogen, hydrogen sulfide and helium ...

. 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 and gas reserves and coal reserves. It is defined as the "quantity of energy sources estimated with reasonable certaint ...

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

References

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

See also

References