Dana Petroleum has been given the go-ahead by the Egyptian government to further develop the Nefertiti oil field in the Gulf of Suez following the successful completion of an appraisal well.
The Aberdeen-based independent, in partnership with INPEX, successfully drilled the exploration well Nefertiti-2X at the end of 2012. The well tested at a maximum stabilised flow rate of 1,850 barrels per day (BOPD) with an Electrical Submersible Pump (ESP), and the field is expected to produce around 2,500 BOPD (1,625 BOPD net to Dana) when it comes on stream in June 2013.
Following the successful appraisal, the two companies agreed with the Egyptian General Petroleum Company on Nov. 7, 2012 that the Nefertiti field was a commercial field. Eng. Osama Kamal, Minister of Petroleum and Mineral Resources, approved the lease on Jan. 20, 2013.
Dana’s Managing Director in Egypt Nick Dancer described the Nefertiti field as “a first for Dana in that it is an offshore field that we have explored by drilling extended reach wells from an onshore location”. He said that “whilst increasing the complexity of the wells”, the technique“reduces the drilling and subsequent development costs and reduces development time as well as protecting the offshore environment including a number of coral reefs”. Mr Dancer is delighted his company has“been given the green light to progress the development, and also undertake further drilling in the area to test a different play concept in the Nefertiti Field.”