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• Dana Gas discovers new reserve in Egypt

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  Dr. Nilgün Birgören    Premium Member   Group moderator

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  Dana Gas discovers new reserve in Egypt

  Dana Gas, the UAE-based oil and gas company made a new gas discovery in Egypt's Nile Delta, and gas production from its Sharabas and Faraskur fields, also in Egypt, started in August via its Al Wastani gas plant.
  
  The discovery at the South Abu Al Naga-1 ST well adds significantly to the company's hydrocarbon reserves.
  
  The gas discovery well South Abu Al Naga-1 ST is located in the West Al Manzala concession.
  
  A multi-rate test was carried out for a 12-metre interval in the Abu Madi Lower reservoir and yielded a production rate of 19.4 million standard cubic feet per day of gas and 1,160 barrels per day of condensate.
  
  This is the fourth gas discovery for Abu Dhabi-listed Dana Gas in Egypt this year following three previously announced gas discoveries — Al Pansieya-1, South Faraskur-1 and Ward Delta-1.
  
  Dana Gas says the preliminary reserves estimate for the South Abu Al Naga-1 ST is in the range of 50 billion to 90 billion cubic feet of gas, with 1 million to 2 million barrels of associated condensate. The discovery will be further appraised, with development options to be studied subsequently.
  
  Dana Gas also says new production from its Sharabas and Faraskur fields boosted the company's total Egypt output to 230 million cubic feet a day of gas and 7,000 barrels a day of condensate and LPG as of August 31.
  
  This is equivalent to 45,500 barrels of oil equivalent a day, a 20 per cent increase on the production rate at the start of 2010.
  
  • 05 Sep 2010, 8:43 pm
  Dr. Nilgün Birgören wrote: > Dana Gas, the UAE-based oil and gas company made a new gas discovery > in Egypt's Nile Delta, and gas production from its Sharabas and > Faraskur fields, also in Egypt, started in August via its Al Wastani > gas plant. > > The discovery at the South Abu Al Naga-1 ST well adds significantly > to the company's hydrocarbon reserves. > > The gas discovery well South Abu Al Naga-1 ST is located in the West > Al Manzala concession. > > A multi-rate test was carried out for a 12-metre interval in the Abu > Madi Lower reservoir and yielded a production rate of 19.4 million > standard cubic feet per day of gas and 1,160 barrels per day of > condensate. > > This is the fourth gas discovery for Abu Dhabi-listed Dana Gas in > Egypt this year following three previously announced gas discoveries > — Al Pansieya-1, South Faraskur-1 and Ward Delta-1. > > Dana Gas says the preliminary reserves estimate for the South Abu Al > Naga-1 ST is in the range of 50 billion to 90 billion cubic feet of > gas, with 1 million to 2 million barrels of associated condensate. > The discovery will be further appraised, with development options to > be studied subsequently. > > Dana Gas also says new production from its Sharabas and Faraskur > fields boosted the company's total Egypt output to 230 million cubic > feet a day of gas and 7,000 barrels a day of condensate and LPG as of > August 31. > > This is equivalent to 45,500 barrels of oil equivalent a day, a 20 > per cent increase on the production rate at the start of 2010.