Global Leader in International Oil and Gas Industry News

posted in:

Dana Gas starts production from new discoveries in Egypt

Wednesday, Mar 06, 2013

Dana Gas PJSC, the Middle East's first and largest regional private
sector natural gas company, has announced the West Sama-1 and Allium-1 fields in Egypt have commenced commercial production, less than 2 months after initial well testing was conducted.

These new fields are among the three discoveries made by Dana Gas in
Egypt’s Nile Delta Basin during the Company’s 2012 multi-well drilling
programme. Dana Gas plans to bring the other field, Balsam-1, into production in H2 2013. Gas production at West Sama-1 and Allium-1 has been routed through Dana Gas’ South El Manzala and El Wastani gas plant respectively.

Mr. Rashid Al Jarwan, Executive Director and Acting CEO of Dana Gas said: "We are pleased to announce the successful tie-in of these two discoveries. The wells increase our production by 20 million cubic feet per day, providing much needed additional production to the Egyptian market and maintaining vital supplies of gas for power generation.”

Dr. Patrick Allman-Ward, Dana Gas Egypt General Manager commented:
“Dana Gas is well positioned to bring new discoveries on stream due to the onshore location of our assets where tie-ins to our existing pipelines and processing infrastructure can be made quickly, relatively inexpensively and ensures a high return on our new gas discoveries”.

Production from the two wells is expected to add 3,450 boepd (20 MMcf/d) to the Company’s 2012 Egypt year-end output rate of 32,000 boepd.

Dana Gas is continuing constructive discussions with the authorities on our remaining outstanding receivables, having received $163 million from the Government in 2012.

Dana Gas is currently the 6th largest gas producer in Egypt.
Dana Gas Egypt operates in the Nile Delta through the El Wastani Petroleum Company (Wasco), Dana Gas’ joint-venture company with the Egyptian Natural Gas Holding Company (EGAS). The Company is working towards increasing gas and condensate production for electric power generation and fuel supply in Egypt, and endeavors to expedite the tie-in of new discoveries to support the Egyptian people in the development of this key resource.

Source: Dana Gas

To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

Other Oil & Gas News

APPEA: Time to lift barriers on New South Wales natural gas development 24-04-2014
BP to sell interest in four Alaska North Slope oil and gas assets 24-04-2014
Irving Oil completes voluntary conversion of its crude oil railcar fleet 24-04-2014
Platts adds bakken price assessment in the Williston Basin to its shale offerings 24-04-2014
Wood Group GTS awarded $12M operations & maintenance contract by Apex Bethel Energy Center 24-04-2014
More than 20 new technologies on display at $100,000 shale gas energy innovation contest finals 24-04-2014
Octagon 88 Resources announces plans to spud first horizontal proudction well on Bluesky formation 24-04-2014
Drilling of second and third Eagle Ford wells underway in Texas 24-04-2014
SC 63 - Baragatan -1 well update 24-04-2014
Gas supply for Austria announces OMV and Gazprom strengthen partnership 24-04-2014