| 07 Mar 2010 |
|
Dana Gas announces two gas discoveries in Egypt
- Text size
Sharjah, March 7th, 2010 (WAM) -- Dana GasDana Gas
PJSC has announced two gas discoveries in the Nile Delta, Egypt.The first discovery was at ‘El Panseiya-1’ in the West El Manzala Concession, which encountered 11 metres of net pay in the Kafr El Sheikh formation and produced 10 million standard cubic feet per day (mmscfpd) of dry gas.The preliminary estimate of the recoverable reserves is from 8-13 billion cubic feet (bcf) of gas.The second discovery, ‘South Faraskour-1’, also in the West El Manzala Concession encountered 20 metres of net pay in the Abu Madi formation and 1.4 metres in the Kafr El Sheikh formation. The well tested 16.3 mmscfpd of gas with condensate.The preliminary estimate of the recoverable reserves is 27-57 bcf of gas with associated condensate.Both the El Panseiya-1 and South Faraskour-1 discoveries are expected to be tied in to the Company’s nearby El Wastani gas processing plant by the end of 2010.Ahmed Al Arbeed, Dana GasDana Gas CEO, said "Our team in Egypt continues to deliver tremendous results. We are delighted that these two exploration wells have been successful. They build upon Dana Gas Egypt’s outstanding 2009 achievement of eight discoveries from twelve exploration wells, which resulted in a 40% increase in proved plus probable (2P) reserves to 132 million barrels of oil equivalent at the end of the 2009."Dana GasDana Gas is also pleased to announce the first production from its West Qantara Concession in the Nile Delta from the Sama Field which was put on stream in February five weeks ahead of schedule, just eight months after discovery.Dr Hany El Sharkawi, Dana Gas Egypt President commented, "These two wells are an excellent start to 2010. We still have a sizeable portfolio of drillable prospects and our exploration activity will continue throughout the year, as will our development activities." © Copyright Emirates News Agency (WAM) 2010.
x
DISCLAIMER
Zawya is a distributor (and not a publisher) of content supplied by third parties and subscribers. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by those third parties, including information providers, subscribers or other users of the Service, are those of the respective author(s) or distributor(s) and not of the Company. The Company neither endorses nor is responsible for the accuracy or reliability of any opinion, advice or statement made on the Service by anyone other than authorized Service employee spokespersons while acting in their official capacities. The Company is not responsible for any infringement of intellectual property rights or breach of any applicable law or regulation, including regulation in relation to financial services or the distribution of financial products, defamation, data protection, telecommunications (including regulations relating to excessive use, spamming or other abusive activities) or obscene, offensive or illegal content). Under no circumstances will the Company be liable for any loss or damage caused by a member's reliance on information obtained through the Service. It is the responsibility of member to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content available through the Service. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
Read the full Member Agreement
http://www.zawya.com/legal/NewsLetter.cfm?name=disclaimer
Zawya is a distributor (and not a publisher) of content supplied by third parties and subscribers. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by those third parties, including information providers, subscribers or other users of the Service, are those of the respective author(s) or distributor(s) and not of the Company. The Company neither endorses nor is responsible for the accuracy or reliability of any opinion, advice or statement made on the Service by anyone other than authorized Service employee spokespersons while acting in their official capacities. The Company is not responsible for any infringement of intellectual property rights or breach of any applicable law or regulation, including regulation in relation to financial services or the distribution of financial products, defamation, data protection, telecommunications (including regulations relating to excessive use, spamming or other abusive activities) or obscene, offensive or illegal content). Under no circumstances will the Company be liable for any loss or damage caused by a member's reliance on information obtained through the Service. It is the responsibility of member to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content available through the Service. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
Read the full Member Agreement
http://www.zawya.com/legal/NewsLetter.cfm?name=disclaimer
Access to this article is subject to specific terms and condition.
Loading ...Free Newsletter
Get the latest news from Oil & Gas and other Free newsletters.
Post a Comment
Community Comments (1)
This article is all a big lie, the Gas they found is so little that it would fill maybe a few lighters, all this is to find investors and to blend the Banks and People, sorry but this is the only truth, Regards
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse.