Dana Grows Fatter In Egypt - Africa’s premier report on the oil, gas and energy landscape.

Dana Grows Fatter In Egypt

By Mohammed Jetutu

Dana Gas PJSC has announced the West Sama-1 and Allium-1 fields in Egypt have commenced commercial production, less than two months after initial well testing was conducted.
These new fields are among the three discoveries made in the course of the company’s 2012 multi-well drilling programme in Egypt’s Nile Delta Basin.

Dana Gas plans to bring the other field, Balsam-1, into production in the second quarter of 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.  The wells will increase Dana Gas’ production by 20 million cubic feet per day(MMscf/d), “providing much needed additional production to the Egyptian market and maintaining vital supplies of gas for power generation,” said Rashid Al Jarwan, Executive Director and Acting CEO of Dana Gas, in a press statement.

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, an increase of  over 10%. Dana Gas says it is continuing constructive discussions with the authorities on its remaining outstanding receivables, having received $163 million from the Government in 2012.

 

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