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GNN Oil Field Early Production
Facility Brought on Stream
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GNN Oil Field Early Production Facility Brought on Stream
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GNN Oil Field Early Production Facility
Brought on Stream
 27 March 2023
Cheiron Energy, the largest independent Egyptian oil and gas E&P company, is pleased to
announce that the Early Production Facility (“EPF”) for the GNN oil field in the Gulf of Suez has been
brought on stream.
The GNN field is located in the Geisum and Tawila West Concession (“the Concession”) in which
Cheiron (through its PICO GOS affiliate) holds a 60% working interest and Operatorship, with Kufpec
holding the remaining 40% interest.
The EPF has been installed in the central area of the field and includes a conductor support
platform, a mobile offshore production unit and a 10-inch oil export pipeline, tied back to the
existing Geisum Star production complex.
The first well to come on stream across the EPF was GNN-6, which is currently producing circa 4,200
bopd. This well will be followed by the completion of two additional predrilled wells, GNN-3 and
GNN-8, over the next few weeks and, subsequently, up to 4 additional wells will be drilled from the
facilities.
To date, the southern area of the field has been appraised and developed using extended reach
drilling techniques, which has enabled the completion of 3 production wells from the existing
Geisum field GD platform, with a further well currently being drilled from the platform.
When this phase of the GNN development activity has been completed it is anticipated that the
gross oil production rate from the Concession will exceed 25 kbopd.
The GNN field, which is estimated to hold over 300 mmbbls of oil in place, was discovered by Cheiron
in 2019. The discovery came after the implementation of an extensive, multi-year exploration and
development campaign by Cheiron and its partners and was the first to be made in the Nukhul
formation in the Geisum Concession. The oil find demonstrated the significant remaining
exploration potential of the region, despite the Gulf of Suez being a relatively mature hydrocarbon
province.
The installation of the new EPF was accomplished with the support and guidance of the Ministry of
Petroleum and Mineral Resources and reflects the efforts of many stakeholders in the development,
including the Petro Gulf Misr Joint Operating Company, Ganope, EGPC, Kufpec and key contractors
such as PPIS, PMS and Petrojet.
Notes:
Cheiron and its affiliates have been operating in Egypt for over 30 years and the Company currently
produces around 135,000 kboepd (gross) of which over 90% is from Egypt. The company operates a
broad portfolio of development and producing assets in Egypt in the Gulf of Suez, Western Desert
and Nile Delta, and has international holdings in Mexico and Romania.
ABOUT US
Cheiron is an independent exploration and production company focusing on revitalizing and
optimizing production at medium-sized mature fields.
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