Dana Gas makes new Egypt gas find

05 September 2010

Fourth discovery this year as gas production increases 20 per cent

The UAE’s Dana Gas has made a new natural gas discovery in Egypt’s Nile Delta.

The discovery was made in the South Abu el-Naga-1ST discovery well in the West el-Manzala concession. Dana Gas found 7.2 metres of gas in the Abu Madi Upper formation and 12.6 metres in the lower formations. It also discovered 4.8 metres of gas in the Kafr el-Sheikh formation, according to a 5 September company statement.

Tests at the Abu Madi Lower reservoir yielded a production rate of 19.4 million cubic feet a day (cf/d) of gas and 1,160 barrels a day (b/d) of condensate.

This is the fourth gas discovery for the Sharjah-based firm this year. The three previously announced discoveries are El-Pansieya-1, South Faraskur-1 and Ward Delta-1 (MEED 7:3:10). 

Dana’s preliminary reserve estimate for the South Abu el-Naga-1ST well is between 50 to 90 billion cubic feet, along with 1 to 2 million barrels of associated condensates. 

“The South Abu el-Naga-1ST discovery will be further appraised, then development options will be studied”, says the release.

At the end of August, Dana’s gas production in Egypt totals 230 million cf/d and 7,000 b/d of condensate and liquefied petroleum, 20 per cent higher than at the start of the year.

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