Report summaryZaafarana is an offshore oil field located in the Gulf of Suez, approximately 8 kilometres northeast of the town of Zaafarana. The field was discovered by British Gas in 1990 and was developed in 1993 using a drilling and production platform with export via an FPSO to shuttle tankers. BG sold its 50% interest in the field in 1999.The primary producing formations have excellent reservoir characteristics, but the oil produced is a viscous heavy crude. Pico has installed specialist ...
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